Fannie Mae published the results of its 2024 Servicer Total Achievement and Rewards (STAR) program, recognizing 29 mortgage servicers for their outstanding performance in competency and capability. Cyndi Danko, Fannie Mae's chief credit officer, emphasized the importance of these servicers in maintaining operational excellence and reducing credit losses, which are critical to ensuring the safety of Fannie Mae's business and the broader residential mortgage market. Additionally, Offerpad Solutions Inc. revealed it had narrowed its net loss for 2024 to $62 million, indicating a challenging financial environment for the online property marketplace.
Fannie Mae has recognized 29 mortgage servicers through its 2024 STAR program, highlighting their commitment to operational excellence and reducing credit losses, essential for stability.
According to Cyndi Danko, Fannie Mae's single-family chief credit officer, the servicers' performance is pivotal for the safety and soundness of Fannie Mae's operations and the mortgage market.
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