Fannie, Freddie align servicing guidelines for delinquent mortgages

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FHFA Oversight of Fannie Mae's Reimbursement Process for Pre. – When a borrower is delinquent on mortgage payments, Fannie Mae and its servicers use. directive required the Enterprises to align standards for property inspections.3. Guidelines for servicing delinquent mortgages.

Since 2008, FHFA has worked with Fannie Mae and Freddie Mac (the. in the area of mortgage loan servicing, as costs to service delinquent loans, heightened. servicer financial standards development, policy alignment by Fannie Mae and .

The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to align their guidelines for servicing delinquent mortgages they own or guarantee. According to the FHFA, this framework will create uniform servicing requirements, as well as monetary incentives for servicers that perform well and penalties for servicers that do not.

Fannie Mae Issues New Servicing Standards for Delinquent Mortgages . fannie mae issued new standards June 6 to mortgage servicers regarding the management of delinquent loans, default prevention and foreclosure timeframes. The move seeks to better align the procedures of Fannie Mae and Freddie Mac in handling delinquent mortgages.

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