Mortgage servicing companies are given too much power to manage Freddie-mac,Fannie-Mae and HUD loans. what is the purpose of having them when they are not working with home owners and the Foreclosure Prevention Initiative. These three loan guarantors are owned by congress(taxpayers) yet we are being thrown to a den of thieves. I would like to see loans re-assigned with strict oversight.
Why is this important?
Protect home owners from mortgage servicing compaies.
