Short Answer: Because it’s the law.
Answer Explained in Detail:
Fannie Mae passed a regulation (Announcement SVC-2011-08R) on September 2nd 2011 that on page 4 says:
Short Answer: Because it’s the law.
Answer Explained in Detail:
Fannie Mae passed a regulation (Announcement SVC-2011-08R) on September 2nd 2011 that on page 4 says: