An FHFA report released this morning says Fannie Mae (FNMA.OB) failed to establish an...

|About: Fannie Mae (FNMA)|By:, SA News Editor

An FHFA report released this morning says Fannie Mae (FNMA.OB) failed to establish an "acceptable and effective" way to monitor foreclosure proceedings between 2006-2011, and missed chances to catch law firms illegally signing foreclosure documents. A separate report released today said the FHFA lacks examiners to monitor Fannie.