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- Freddie Mac Changes Servicer Guidelines
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HousingWire has the story: Freddie Mac Pushes Out Foreclosure Timelines Perhaps the boldest move by Freddie Mac on Thursday — and one that won’t get much press attention — was its decision to eliminate foreclosure timeline compensation altogether for servicers, effective immediately. In other words, servicers will no longer earn a bonus based on how quickly they can foreclose.
If that doesn’t…
Original Source: http://feeds.feedburner.com/CalculatedRisk
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31 July, 2008| housingblogs |
@ 15:09