Replies to post #9313 on Fannie Mae-No Politics (FNMA)

[levitateme]

Fannie, Freddie to collect mortgage firm penalties

Wednesday February 23, 2011, 11:26 am

WASHINGTON (Reuters) - Fannie Mae (OTC BB:FNMA.OB - News) and Freddie Mac (OTC BB:FMCC.OB - News) will soon begin collecting punitive compensation from mortgage servicing companies that fail to properly handle troubled mortgage loans, the regulator of the two government-controlled firms said on Wednesday.

"The enterprises will be moving forward with servicer penalties for last year in the coming weeks," Edward DeMarco, acting director of the Federal Housing Finance Agency said in prepared remarks to a conference of mortgage bankers in Dallas, Texas. A copy of his remarks was posted on the FHFA website.

(Reporting by Corbett B. Daly; Editing by James Dalgleish)


http://finance.yahoo.com/news/Fannie-Freddie-to-collect-rb-3748928688.html?x=0&.v=1

[Jacked]

why is it dropping?