Fannie Mae: New Fraud Alert and Updates to Allowable Foreclosure Title Costs
August 8, 2018
Source: Fannie Mae
New fraud alert: Misrepresentation of borrower employment in Northern California
We have issued a new fraud alert identifying 10 apparently fictitious employers being used on loan applications in Northern California. This scheme is similar to the one identified in a fraud alert we issued in May (updated June 28), but the geographic area is different. View the fraud alert and other resources on our Mortgage Fraud Prevention page.
Updates to allowable foreclosure title costs
We’ve made a few updates and clarifications to our allowable foreclosure title costs guidance to address questions we received after recently announcing new requirements, effective Sept. 1. Get some answers and tips in the updated Allowable Title Costs for Fannie Mae Foreclosures and Mortgage Default Counsel Retention Agreement Amendment 2018-03, located on the Delinquency and Default Management page.
Join us at these upcoming events:
Aug. 19-21 | The Mortgage Collaborative Summer Conference | Chicago
Sept. 8-11 | NAHREP National Convention | San Diego
Sept. 12-14 | New England Mortgage Bankers Conference | Newport, RI
View more events.
4 of the 6 components that comprise the Home Purchase Sentiment Index fell last month as the #HPSI dropped for the 2nd month in a row. Here’s what consumers told us: http://bit.ly/2vOWSx0
If you’ve been impacted by the California wildfires, mortgage assistance is available. #KnowYourOptions here: http://bit.ly/2njgyFe #cafire