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Fannie Mae warns of raft of fake employers being used on borrowers’ mortgages

Friday, August 10, 2018   (0 Comments)
Posted by: Louise Haas
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Fannie Mae warns of raft of fake employers being used on borrowers’ mortgages

A few months ago, Fannie Mae issued a warning to lenders, cautioning them of more than 30 employers that were showing up on borrowers’ mortgage documentation that appeared to be fake.

Those potentially fake companies were generally located in the Southern California and Los Angeles County areas, but it appears that the fake company problem is now moving north.

The government-sponsored enterprise issued a new warning this week, identifying 10 new purported employers that do not seem to actually exist.

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