On June 6, Fannie Mae issued new standards for mortgage servicers under the FHFA's Servicing Alignment Initiative relating to: (i) management of delinquent loans; (ii) default prevention; and (iii) foreclosure time frames.  These standards are reinforced by new incentives and compensatory fees.  Fannie Mae ReleaseDelinquency Management and Default Prevention AnnouncementForeclosure Time Frames and Compensatory Fee Announcement.