FHFA Posts Discussion Documents on Mortgage Servicing Compensation Initiative

FHFA Posts Discussion Documents on Mortgage Servicing Compensation Initiative

Washington, DC – February 15, 2011 – (RealEstateRama) — The Federal Housing Finance Agency on Jan. 18 announced a joint initiative to consider alternatives for a new mortgage servicing compensation structure. As part of that effort, FHFA has established a dedicated web link to post information, including background materials and issues for consideration.

FHFA Joint Servicing Initiative: Background and Issues for Consideration (2/15/2011)

FHFA Joint Servicing Initiative Web Page: Joint Mortgage Servicing Compensation Initiative

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks.

These government-sponsored enterprises provide more than $5.9 trillion in funding for the U.S. mortgage markets and financial institutions.

Contact:
Corinne Russell (202) 414-6921
Stefanie Johnson (202) 414-6376

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The Federal Housing Finance Agency (FHFA) was created on July 30, 2008, when the President signed into law the Housing and Economic Recovery Act of 2008.  The Act created a world-class, empowered regulator with all of the authorities necessary to oversee vital components of our country’s secondary mortgage markets – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.  In addition, this law combined the staffs of the Office of Federal Housing Enterprise Oversight (OFHEO), the Federal Housing Finance Board (FHFB), and the GSE mission office at the Department of Housing and Urban Development (HUD).

Contact:

1700 G Street, NW
4th Floor
Washington, DC 20552
Phone: (866) 796-5595

Corinne Russell
(202) 414-6921
Stefanie Mullin
(202) 414-6376

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