Archive for Archive for June 24th, 2010

Fannie Mae Intensifies Penalties for Strategic Defaulters

Fannie Mae is boosting penalties for strategic defaulters by prohibiting them from getting a mortgage, backed by the company, for seven years from the foreclosure date. Fannie Mae says it will also take legal action to recoup debt and will be instructing services to monitor delinquent loans and recommend cases that need deficiency judgments. In […]

Posted by: najirashid on Thursday, June 24th, 2010