Posted on Tuesday, February 23, 2010
Fannie Mae announced Monday the opening of a mortgage help center in Miami to help distressed borrowers in South Florida with loans owned by the GSE. This is a GREAT idea. Up until now, very few people knew when FNMA was coming to town for one of their borrower Q&A’s. We need an office on the West coast to serve Cape Coral, Naples, Tamp too. And Im sure AZ, CA and NV would like a few! The question is exactly what will the GSE folks be doing in these locations….hopefully not principal write downs!