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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 ...