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Home » Store » News » Fannie ‘Servicing Marketplace’ Program Isn’t Operational Yet but It’s Causing Consternation in Certain Circles

Fannie ‘Servicing Marketplace’ Program Isn’t Operational Yet but It’s Causing Consternation in Certain Circles

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In an attempt to help its smaller seller/servicers achieve better pricing on coissuance transactions, Fannie Mae will launch a new “Servicing Marketplace” designed as an upgrade to an existing program that some say was seldom used. The new platform allows sellers to choose a Fannie-approved coissuance servicer and commit to sell servicing rights at the same time they sell the loan into a Fannie mortgage-backed security. All transactions are on a bifurcated basis; that is, the seller is still ...
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