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Home » Store » Taxable » Fannie Mae Covers Prepayments on MBS Pools Affected by Al-leged Lender Fraud

Fannie Mae Covers Prepayments on MBS Pools Affected by Al-leged Lender Fraud

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Investors in certain Fannie Mae MBS will receive adjusted payouts this month as the government-sponsored enterprise attempts to recover from a mortgage fraud scheme that has reportedly cost the firm $44 million. Investors will receive the full amount of what they are owed, said a spokeswoman for Fannie. The GSE official confirmed this week that Fannie is adjusting the cash-flows related to 169 pools of mortgages due to a fraud scam allegedly perpetrated by New…
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