Estimated reading time: 0 minutes, 21 seconds

Fannie Mae Suspects Mortgage Fraud in Southern California

Fannie Mae has warned lenders to watch out for suspected fraud by Southern California mortgage brokers. So reports the Orange County (Calif.) Register.

“We have observed misrepresented incomes in a compilation of loans that were originated by (mortgage brokers) based in Southern California over the past several months,” an alert from Fannie Mae states.

Local law enforcement was reportedly unaware of the allegations.

Read the full article from the Orange County (Calif.) Register.

Read 1543 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.