Fannie Mae has changed one of its policies for disposing of foreclosed homes in a way that could force servicers to take their lumps sooner.

Typically when a home is repossessed, the government-sponsored enterprise will put the property on the market and around the same time ask the servicer for the loan files for Fannie to review. If the review finds the mortgage was not underwritten to the GSE's requirements, Fannie can make the lender reimburse it for any losses on the sale of the home.

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