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Home » Store » Taxable » OFHEO, FinCEN to Share Mortgage Fraud Data

OFHEO, FinCEN to Share Mortgage Fraud Data

$50.00
Taxable

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The Office of Federal Housing Enterprise Oversight and the Financial Crimes Enforcement Network (FinCEN) will now share certain mortgage fraud data OFHEO receives from Fannie Mae and Freddie Mac during its examinations. Last year, OFHEO adopted a final rule that formalizes Fannie’s and Freddie’s reporting of mortgage fraud and possible mortgage fraud to the agency. FinCEN, a bureau within the Treasury Department, will include this information in its database of Bank Secrecy Act information, which…
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