On October 13, the FHFA directed Fannie Mae and Freddie Mac to implement a four-point policy framework to address deficiencies in the foreclosure process. The framework provides that: (i) mortgage servicers must review their procedures and verify that all documents are in compliance with legal requirements, (ii) when a deficiency has been identified, it must be remediated in an appropriate and timely way and must be sustainable, (iii) servicers meet legal reporting obligations regarding suspicious activity, and (iv) in cases where alternatives have been unsuccessful and the borrower has stopped payment, foreclosure should proceed without delay. FHFA Release.