November 9th, 2010 11:38 PM by Lehel S.
The Federal Housing Finance Agency (FHFA) is starting to get really serious about all of the mortgage delinquencies which are taking place across the country.
For those of you who may have never heard of the FHFA before, it is the Federal entity which oversees and regulates the mortgage behemoths known as Fannie Mae (add acronym) and Freddie Mac. The tally for delinquent mortgages is rising by the millions and FHFA is looking to offload its losses onto the financial institutions that sold them to Fannie and Freddie. Now, they have enlisted the services of some high powered attorneys to assist with the process.