Housing Wire reports that Fannie Mae and Freddie Mac have been ordered by the Federal Housing Finance Agency (FHFA) to synchronize their methods of dealing with delinquent mortgages, requiring the mortgage servicer to begin engaging the borrower as soon as they become delinquent.  The foreclosure process cannot begin if both the servicer and borrower are acting in good faith to resolve the problem.  Both Fannie Mae and Freddie Mac’s CEOs agreed this new initiative will simplify and streamline the process for both the servicers and the borrowers.