Fannie Mae LPI

Fannie Mae: FHFA Mulls Lawsuit Over Overpayment

Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) (collectively, the Enterprises) require their borrowers to maintain hazard insurance on their homes. The insurance safeguards the value of the homes in the event of a fire or other covered incident, thereby preserving the Enterprises’ interests in them. The Enterprises’ mortgage servicers are responsible for ensuring that borrowers maintain hazard insurance on their properties. To do so, the servicers outsource this task to specialty insurance companies that track the status of borrowers’ insurance policies. When a provider identifies a lapse . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers