This article is fascinating.... what is going to happen to millions of homes that are clouded on title is being addressed by the government controlled Fannie and FREDDIE.. WE talk coverup.... now think about it... a homeowner will be going up against the most incredibly financed racket in America right now.
Fannie, Freddie want servicers to assume risk: source | Reuters: "Fannie, Freddie want servicers to assume risk: source
Federal Home Loan Mortgage Corporation.
Fidelity National Financial, Inc.
NEW YORK | Fri Oct 22, 2010 7:38pm EDT
(Reuters) - Fannie Mae and Freddie Mac are in talks with U.S. title insurers to require mortgage servicers to assume insurers' liabilities if there are legal challenges to foreclosures on homes whose mortgages Fannie and Freddie underwrote, a source familiar with the matter said on Friday.
Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), which are controlled by the U.S. government, together own or guarantee more than half of the $11 trillion of U.S. home mortgages.
Allegations that some banks used shoddy paperwork in processing foreclosures has sparked a wave of lawsuits, and more borrowers are expected to challenge foreclosures in court."