Foreclosure law firms say it will take time to see the effects of a policy change by the Federal Housing Finance Agency that phased out lists of pre-approved law firms allowed to handle foreclosure cases for Fannie Mae and Freddie Mac.
October 26, 2011 at 12:00 AM
1 minute read
Bedeviled by the robo-signing scandal, Fannie Mae and Freddie Mac are eliminating their networks of pre-approved foreclosure attorneys.
Foreclosure defense lawyers, who blame Fannie and Freddie for lax oversight, hope that distancing the government-sponsored agencies from the court process will lead to better results.
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