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Home » Store » News » Proposed Rule Would Require GSEs to Notify Regulators of Suspected Mortgage Fraud

Proposed Rule Would Require GSEs to Notify Regulators of Suspected Mortgage Fraud

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The Office of Federal Housing Enterprise Oversight wants to require Fannie Mae and Freddie Mac to notify the regulator whenever they think a lender has engaged in mortgage fraud – and lenders wouldn’t necessarily be told about their investor’s suspicions. OFHEO this week released a proposed rule designed to prevent the government-sponsored enterprises from passing off their own problems to others in the mortgage industry. The GSE fraud issue garnered headlines last year after Fannie…
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