Editors’ Note: This article was updated to reflect a Correction.
Fannie Mae and Freddie Mac are eliminating their law firm networks and instead will let mortgage servicers hire their own lawyers to process foreclosures.
Fannie Mae and Freddie Mac will let mortgage servicers "select qualified law firms that meet certain minimum, uniform criteria" to process foreclosures rather than only being allowed to hire in-network firms.
October 20, 2011 at 12:00 AM
1 minute read
Editors’ Note: This article was updated to reflect a Correction.
Fannie Mae and Freddie Mac are eliminating their law firm networks and instead will let mortgage servicers hire their own lawyers to process foreclosures.
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