Fannie Mae's third quarter STAR, Servicer Total Achievement and Rewards Program, ratings have been reviewed for 2011. A good number, 48 percent, of Fannie Mae servicers have an outlook of gaining at least a three STAR rating, out of five, for 2011.
The STAR program was started in February of this year to increase the performance expectation out of Fannie Mae servicers in regards to decreasing foreclosures and helping current neighborhoods stay intact. Fannie Mae keeps track of each servicer's impact through trend spotting and monthly reviews.
The final overall ratings will be a combination of the outcomes of each servicer's operations over the year as well as their scorecard reviews.The final 2011 STAR results will be published in the beginning of 2012.
More information about Fannie Mae's STAR program can be found HERE.
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