Broadened Servicer Authority to Grant Deeds-in-Lieu and Postpone Foreclosures Coming March 1

Broadened Servicer Authority to Grant Deeds-in-Lieu and Postpone Foreclosures Coming March 1http://www.mortgagenewsdaily.com/01292013_servicers_deeds_in_lieu.aspFreddie Mac and Fannie Mae have written a new escape clause into servicing regulations for homeowners who are both underwater and struggling to meet their mortgage payments. The new rule, which will go into effect on March 1 , delegates authority to servicersenCommunityServer 2008 SP2 (Build: 31106.96)