Freddie’s Anti-Fraud Unit Poorly Informed of GSE Policy on Flips
May 3, 2010
Whoever at Freddie Mac’s Fraud Investigation Unit authored an April 12 online opinion piece on short sales apparently is unaware of the company’s official policy on legitimate property flips or of FHA’s “no flip” rule, according to real estate attorneys. Although the guidance or advisory is not a formal policy, it warns about a growing trend in short payoff fraud and what...