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Loss Mit Chief Joins Fannie.

Mortgage Servicing News

| May 01, 2009 | COPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Washington-Javid Jaberi, a former senior vice president of servicing in charge of loss mitigation for Residential Capital Corp., has joined Fannie Mae, industry sources told Mortgage Servicing News.

Late last week, a Fannie official confirmed his hiring but could not offer any information about his exact duties.

However, a source close to Mr. Jaberi said part of his new job will include oversight of the nation's "mega-servicers" which sell loans to and service them for ...

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