Fannie Mae ignored abusive foreclosure practices for years: report

Government-backed mortgage giant Fannie Mae knew as far back as 2003 that law firms it had hired to foreclose on delinquent borrowers were engaging in extensive abuses, but did little to fix the problem, according to a new report (pdf). It wasn’t until the summer of 2010 that the Federal Housing Finance Agency (FHFA), which

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Fannie Mae ignored abusive foreclosure practices for years: report

Posted by on October 4, 2011. Filed under News, Trending News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.