Javid Jaberi, a former senior vice president of servicing in charge of loss mitigation for Residential Capital Corp. (ResCap), has joined Fannie Mae, industry sources told National Mortgage News.
At deadline, Jaberi and Fannie Mae officials could not be reached for comment. Late last year, Jaberi left ResCap, which is 51% owned by hedge fund giant Cerberus Capital.
One associate of Jaberi's said part of his new job will include oversight of the nation's "mega servicers" which sell loans to, and service them for Fannie. One of those servicers might possibly include ResCap.
