Fannie, Freddie align servicing guidelines for delinquent mortgages

There are billions of agency MBS issued every week, but Freddie and Fannie do plenty. auction 113 deeply delinquent non-performing loans (NPLs), settling in May, and serviced by New Penn Financial.

The Servicing Guide is organized into six parts.. Product-Specific Manuals. Balloon Mortgage Loan Servicing Manual Investor Reporting Manual Reverse Mortgage Loan Servicing Manual. This part describes the processes and procedures required when doing business with Fannie Mae..

Fannie Mae Underwriting Guidelines; What Does Freddie Mac Stand For? Freddie Mac Underwriting Guidelines; Goal: Affordable Mortgages. Fannie Mae was created to purchase Federal Housing Administration (FHA)-backed mortgages from lenders. This purchasing provides funds to lenders which they can use to make additional, affordable mortgage loans.