Wednesday, October 27, 2010

Fannie Mae stops foreclosure work done by Florida firm: report

(Reuters) - U.S. housing finance giant Fannie Mae (FNMA.OB) has paused mortgage foreclosure work that was previously referred to a Florida law firm under investigation by state officials, the Wall Street Journal said.


Fannie's latest move would affect all cases that "are not already subject to a foreclosure pause" by banks and other firms that service mortgages owned by Fannie, a company spokeswoman told the Journal

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