The Fannie Servicing Mystery Solved?

Fannie Mae’s PR department might contend that the GSE isn’t in the business of servicing loans, but everyone in the mortgage business knows that such a statement is, shall we say, a misnomer. The government-controlled secondary market giant—as a technical matter—owns the servicing rights to every loan it guarantees, but it’s the GSE seller/servicer that owns the “contract” to process those loans.

Article source:

Leave a Reply

WP2Social Auto Publish Powered By :
Bunk Beds