Industry News

Fannie Mae to pay $7.5 million in loan fraud case

Mortgage company admits no wrongdoing
Published on Dec 9, 2004

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by CareyBot

Fannie Mae has agreed to pay the government $7.5 million to settle a case in which the mortgage giant allegedly knowingly accepted proceeds of a mortgage scam. The company did not admit wrongdoing in the consent order announced Wednesday, according ...

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