Report Mortgage Fraud
If you have information concerning mortgage fraud
E-mail: Report the information
Remember: E-mail is not a secure communication method; do not send Social Security numbers or financial account information via e-mail.
Fannie Mae�s Mortgage Fraud Program (MFP) continues its work in alerting the Industry of potential and active mortgage fraud scenarios. This alert addresses reverse-occupancy schemes.
Fannie Mae's Mortgage Fraud Program (MFP) is committed to keeping our internal and external stakeholders aware of current fraud schemes affecting the mortgage industry. As part of a proactive attempt to stay "one step ahead" of the perpetrators, MFP introduces "Fraud Alerts". Our premier Fraud Alert addresses Business Email Compromise schemes. This simple ploy demonstrates how a compromised email address can disrupt a loan closing by diverting wired funds to fraudsters.
Mortgage fraud red flags are inconsistencies in the information presented in an application or a loan file that would cause someone to take a second look to eliminate mistakes or identify misrepresentations. Here are six areas where mortgage professionals should stay alert for red flags.
News about unauthorized rental fraud trends.
News about Investment Club schemes involving the REO Market.
News about fraud tactics for "credit cleaning" using credit profile numbers and seasoned tradelines.