Industry News

Congress seeks answers on fraudulent real estate loans

Fannie Mae must forfeit $6.5 million
Published on Dec 2, 2004

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by CareyBot

Three U.S. lawmakers have asked Fannie Mae to explain dealings with a North Carolina firm that led a court to order the mortgage giant to forfeit $6.5 million. “We are very concerned that the U.S. taxpayers have been put at ...