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Home » Store » News » Fannie Takes Heat for Servicing Bid

Fannie Takes Heat for Servicing Bid

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The controversy surrounding Fannie Mae’s decision to bid on the servicing platform of a major, but bankrupt, mobile home lender was dying down this week as it became clear that the GSE would not in fact win the servicing. “It was much ado about nothing,” said a Fannie official, who reported the GSE never intended to get into the servicing business but rather was trying to get through an impasse that had placed some
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