Single-family rental bonds are here to stay

Single-family rental bonds are here to stay

ABS East panel: Asset class will continue to grow

CFPB collecting data on 600 million credit accounts despite privacy, security risks

GAO report: Weaknesses in CFPB ability to assess data collection, oversight troubling

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
W S

REwired

new REwired blog header
Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.
Lending

Do you have what it takes to investigate mortgage fraud for Fannie Mae?

Fannie Mae posts new job with interesting timing

March 18, 2014
/ Print / Reprints /
| Share More
/ Text Size+

The U.S. Department of Justice was busted for over inflating just how much focus it was putting on mortgage fraud — ironic.

An audit released by the Inspector General revealed that there is little proof the promise of high-levels of mortgage fraud prosecution ever took place.

"We… determined during this audit that DOJ did not uniformly ensure that mortgage fraud was prioritized at a level commensurate with its public statements," said the audit, released today from Inspector General Michael Horowitz.

Instead, Fannie Mae is interjecting with its own battle plan to combat mortgage fraud.

The government-sponsored enterprise put out a job posting Tuesday seeking a Mortgage Fraud Investigator.

The job description reads:

Apply comprehensive knowledge of mortgage fraud schemes. Operate with considerable latitude to substantiate suspicion of fraud relating to single or multifamily originations, servicing or REO, and other frauds involving Fannie Mae financial instruments. Perform highly complex duties related to planning, conducting, and documenting inquiries into allegations of mortgage fraud. Reconcile fraud risk or recommend investigation. Utilize wide-ranging experience to conduct research and problem-solving on highly significant matters. Prepare and review complex reports.

Meanwhile, three Democrats are conspiring together with Attorney General Eric Holder to identify actions that will be taken to combat fraudulent mortgage practices.  

"This report calls into question the Department's commitment to investigate and prosecute crimes such as predatory lending, loan modification scams, and abusive mortgage servicing practices," the three lawmakers wrote of the report released last week by the Justice Department's inspector general.

But despite the regulators cautionary measures, Fannie Mae is on the hunt of a investigator of its own. Do you think you can make a difference and take up the job position?

 

 

 

  

Comments powered by Disqus