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News & Press: Industry News

Fannie Mae Updates Fraud Alert for Southern California

Tuesday, February 18, 2020  
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Fannie Mae’s Mortgage Fraud Program alerts the industry to potential and active mortgage fraud scenarios. In 2018, Fannie Mae posted three Fraud Alerts regarding apparently fictitious employers located in California. Fannie Mae has identified additional entities located in California that appear to be fictitious employers. The new alert identifies those entities and also lists the entities identified in the prior alerts. The alert also lists red flags that could indicate mortgage fraud.

Loan common denominators / characteristics

Fannie Mae’s Mortgage Fraud Program has identified several entities listed on loan applications as places of employment that appear to be fictitious. The following list contains 65 entities / businesses that were listed as the borrower’s purported place(s) of employment but whose existence Fannie Mae could not confirm. The entities shown in blue are new to this list as of Jan. 24, 2020. For a list of the entities and further information go to: https://www.fanniemae.com/content/news/mortgage-fraud-news-052418.pdf

California Land Title Association


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