Fannie Mae warns lenders: There is a growing list of fake employers showing up on mortgages

Back in 2018, Fannie Mae issued a warning to lenders after identifying more than 30 apparently fake companies that were appearing on borrowers’ mortgage documentation as their place of employment. There were 30 companies on the initial list of potentially fake employers. Later, the government-sponsored enterprise identified 15 more companies that appeared to be fictitious. Things went […more]

Posted in: San Francisco