Fannie and Freddie Differ on Servicing Fees?

Are Fannie Mae and Freddie Mac on different pages when it comes to restructuring their servicing fees? That's hard to say because executives at both GSEs aren't exactly sharing their innermost feelings on the topic with me (though if they want to please email me at: Paul.Muolo@SourceMedia.com). The only thing we hear at this point is that Fannie executives like the idea of a flat "fee for service" payment to mortgage bankers, while Freddie is (sort of ) saying, "Let's stop and think about this some more." Both, of course, will have to run it past their dad over at the Federal Housing Finance Agency. Meanwhile, the state attorneys general are nowhere close to striking a deal with the megaservicers over the 'Robo-signing' mess, despite the recent release of a 27-page "term paper" on what the AGs want from mortgage bankers. The megabanks can live with certain changes to how they do business, but what they fear (and won't put up with) is the states (or anyone else for that matter) telling them to writedown principal. Stay tuned…