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Fannie Mae Stops Work With Two Large Foreclosure Firms

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Mani
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Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) has suddenly cut off ties with the two largest foreclosure firms that used to handle the lion’s share of foreclosures in Colorado.

Fannie Mae Stops Work With Two Large Foreclosure Firms

The national mortgage giant, however, didn’t offer any comment on why it so suddenly terminated its relationship with both firms.

Servicers asked to cease referrals to the firms

The mortgage giant suddenly announced Friday that it will no longer be using the services of two well-known...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports