Fannie Mae REO specialist allegedly asked for kickbacks

Prosecutors bring wire fraud charges after real estate broker sounds alarm

A former Fannie Mae sales associate who allegedly promised to provide listings to a real estate broker from the mortgage giant’s REO inventory in exchange for kickbacks has been indicted on three counts of wire fraud.

Armando Granillo, 44, worked out of Fannie Mae’s Irvine, Calif. office as a real-estate owned (REO) specialist, reviewing applications submitted by real estate brokers seeking to list properties foreclosed on and repossessed by Fannie Mae.