Fannie Mae, a government-sponsored enterprise (GSE), plays a critical role in the U.S. housing finance system by providing liquidity to the mortgage market. Recently, Fannie Mae has been preparing to put up for bid their current foreclosure contracts. This move comes amidst growing concerns about timelines not being met, price increases pocketed by their Prime Vendors and a significant shortage of labor, leading to the lowest pay rates for Labor in over 30 years. This article delves into these challenges, the impact on the housing market, and the intricacies of servicing rights on . . .
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