FHFA Orders Paperwork Fixes but Insists Foreclosures Should Proceed

The Federal Housing Finance Agency (FHFA), which oversees the nation’s two largest mortgage financiers, has issued a directive outlining specific steps servicers should take to identify and correct potential deficiencies in foreclosure paperwork

Recent widespread reports of so-called robo-signers shuffling foreclosure cases out the door without following procedure threatens to derail the already tenuous housing recovery.

Read More: http://bit.ly/aiF2gn