Fannie Mae Ranks Banks in 'Robo-Signing' Settlement as Top Servicers

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Fannie Mae Ranks Banks in ‘Robo-Signing’ Settlement as Top Servicers

Fannie Mae Ranks Banks in ‘Robo-Signing’ Settlement as Top Servicers

Where will they all be today without having a partnership in MERS?

Then again this contradicts FHFA’s (who is the conservator to both Fannie and Freddie) lawsuit suing 17 financial institutions which most are named in this article except for Wells Fargo who is not a defendant.

Make any sense to you?

AOL-

Some of the most publicly reviled banks are currently industry leaders when it comes to good service, according to a report by Fannie Mae released Thursday.

Fannie Mae gave three-star ratings to CitiMortgage, JPMorgan Chase, Ally Bank and Wells Fargo — four of the five largest U.S. mortgage servicers, which were involved in the $25 billion “robo-signing” settlement — for their service performance in the first half of 2012.

The evaluation, part of Fannie Mae’s Servicer Total Achievement and Rewards Program, assigns anywhere from a one- to five-star rating to banks based on “overall performance, customer service and foreclosure prevention efforts.”

[AOL]

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6 Responses to “Fannie Mae Ranks Banks in ‘Robo-Signing’ Settlement as Top Servicers”

  1. donna says:

    Fannie and Freddie are smokin CRACK!

  2. lynne kushnir says:

    Don’t think so, when you smoke crack you don’t end up this rich. Follow the money, behind every mortgage backed REIT that’s booming is Fannie and Freddie, it’s not Crack they are smokin it’s a well thought out plan by the best business minds in the world.

  3. Sarah says:

    Banksters n’ Fannie – same team!

  4. Lynne kushnir says:

    Yes and I am sure there is a well oiled plan to enable everyone to benefit from this kind of wealth. Money just doesn’t disappear. I also don’t agree all Bankers escaped incarceration, somehow Madoff is the odd man out, he played by his own rules and paid the price and that is what everyone fears.

  5. Sharon says:

    Fraudy Mae and Fraudy Mac don’t care about the FHFA they have the banks in their pockets. Who could ask for anything more.

  6. Lynne kushnir says:

    No one has any one in their pockets, the investment Banks are doing exactly what they are supposed to do, make a lot of money for their clients.
    if homeowners had the same money to hire as brilliant minds to defend them, this would be a whole different chapter.

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