#JPMC Please Meet Fannie Mae LOVE YOU

 The lovely women at Fannie Mae agrees that we should lock all of you in a room, and sort this out, yes...the verdict is in JPMorgan Chase, they said "this is just stupid"  I told them, well...it is YOUR loan...wanna help me out?? "OMG, 16 months, they are just stupid" "Can't have it both ways"

BAM. Good Luck.

Here are the guidelines from Fannie Mae's site, for your informational viewing. Enjoy.
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The Subservicing Option for Fannie Mae Lenders
For a variety of business reasons, a Fannie Mae lender may elect to have a subservicer fulfill some or all of its mortgage loan servicing obligations specified in the Fannie Mae Servicing Guide.
Subservicing Overview
Subservicing is a servicer’s use of another organization to perform some or all servicing functions on behalf of the servicer, while the servicer remains contractually responsible to the noteholder for all function(s). The subservicer and the servicer may or may not be affiliated companies. Subservicing does not refer to the use of a computer service bureau for accounting and reporting functions or to the transfer of servicing from the originating lender to another servicer.
Subservicing Benefits
Subservicing allows originating mortgage lenders to establish a direct-delivery relationship with Fannie Mae without the resource and operational commitment mortgage servicing requires. It also avoids the sale of the servicing asset to another servicer or investor, allowing the originating lender to leverage the opportunity for enhanced borrower relationships through the ongoing borrower communications that servicing entails. Finally, servicers may find it economically beneficial to use subservicers by retaining a share of servicing fees paid by Fannie Mae to the servicer in excess of fees paid out to the subservicer.
Highlights of Subservicing Requirements
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The servicer and any subservicer both must be Fannie Mae–approved servicers in good standing.
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The lender does not have to submit a subservicing arrangement for Fannie Mae approval. The servicer and subservicer negotiate the servicing fees and terms of the subservicing agreement.
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Each subservicer must establish custodial accounts for all Fannie Mae mortgages it subservices for a master servicer. If the subservicing arrangement is a new one, the subservicer must submit the applicable Letters of Authorization (Forms 1013 and 1014) to Fannie Mae. Accounts must be separate from any other accounts it maintains for mortgages it services directly for Fannie Mae or any other investor.
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The servicer’s written arrangement with any subservicer must acknowledge Fannie Mae’s right to rescind recognition of the subservicing arrangement if Fannie Mae decides to transfer the servicer’s portfolio for any reason.
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The servicer must confirm any subservicing arrangements via Form 582 on an annual basis.
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The servicer and its subservicers may negotiate the servicing fees that the subservicers will receive. The servicer’s and the subservicer’s rights to receive the servicing fee will be terminated should Fannie Mae have to transfer the servicer’s portfolio for any reason. In some cases, Fannie Mae may transfer the portfolio to a new servicer that is willing to continue the existing subservicing arrangement. If the servicer does not retain a servicing spread, however, most transferee servicers will have no incentive for agreeing to continue the arrangement (or, at least, to continue it without reducing the subservicer’s servicing fees).