Lenders to Increase Spending on Mortgage Fraud Protection in Increasingly Suspicious Market
November 21, 2006
Lenders are prepared to ramp up their spending on mortgage fraud detection even though the systems are fairly expensive and offer limited accuracy during origination, according to a recent survey by Fannie Mae. Most lenders spend relatively little on...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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