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Home » Store » Taxable » Questions Still Being Raised About Fannie Mae’s Role in First Beneficial Mortgage Fraud Case

Questions Still Being Raised About Fannie Mae’s Role in First Beneficial Mortgage Fraud Case

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Public scrutiny of Fannie Mae’s embarrassing role in a well-publicized case of mortgage fraud is not going to go away soon, as key lawmakers in the House are pursuing allegations that the government-sponsored enterprise knowingly allowed a lender to victimize Ginnie Mae. According to Rep. Richard Baker, chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and GSEs, all evidence points to Fannie’s complicity in the case against First Beneficial. Fannie ordered First…
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