Compliance News

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July 11, 2018

Fannie Mae Updated fraud alert: Misrepresentation of Borrower Employment

We have updated the Fannie Mae fraud alert, "Misrepresentation of Borrower Employment" (originally posted on May 24), which identified apparently fictitious employers being used on loan applications in Southern California. Updates include the addition of two more apparently non-existent employers, the removal of one entry on the list, and an expanded "red flags" list with sample exhibits. View the updated fraud alert and other resources on the Mortgage Fraud Prevention page.

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