@Eric. I know that such delegated authorization agreements exist between GSE and MIs, and I always wondered what are the terms of those agreements.
Whatever that delegated authorization is, it cannot simply be that the MI waives their rights, without receiving compensation. Fannie must be stepping in, one way or another, eg by reducing their claim.
Anyone have any of these agreements? Sure would like to read one.
Hi, Here is a link to the Fannie Mae website regarding MI. Thanks for the head's up! https://www.efanniemae.com/sf/servicing/fmmod/mi/index.jsp
I might be missing the point, but I'm ALL FOR THIS. Thanks Eric. I had NO idea. This is going in my "favorites" threads collection.