TITLE

Watchdog Faults Fannie, Freddie on Late Fees

AUTHOR(S)
Collins, Brian
PUB. DATE
February 2014
SOURCE
American Banker;2/13/2014, Vol. 179 Issue 24, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article gives information from the U.S. Federal Housing Finance Agency's (FHFA's) Office of Inspector General's audit report on the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac which was released on February 6, 2014. The audit found that the GSEs' did not have consistent policies regarding the charging of late fees on outstanding mortgage loan repurchase requests. The report called for a cost-benefit analysis of the implementation of a late fee program at Fannie Mae.
ACCESSION #
94434011

 

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