MORTGAGE INSURERS DELEGATION AGREEMENTS

摘要

Fannie Mae (FNMA/OTC) announced October 31, 2012, that it has reached delegation agreements with all of its mortgage insurer counterparties so that servicers can complete short sales and deeds-in-lieu of foreclosure without seeking approval from the insurer. These agreements will further streamline the foreclosure prevention process and allow short sales and deeds-in-lieu to be completed more efficiently. "Short sales and deeds-in-lieu are important tools to prevent foreclosures and help struggling borrowers," said Leslie Peeler, senior vice president, National Servicing Organization, Fannie Mae. "These delegation agreements create an even more streamlined process that will ultimately help more families avoid the costly effects of foreclosure and benefit taxpayers. We are pleased that the mortgage insurance companies have stepped up to the plate with us to help more homeowners."