Tag: Fraud

FHA HECM-Reverse Mortgage Updates – Moratorium Extension – HECM Fraud

Written by: Melinda Hipp, Staff Writer HECM Updates & Interpretation:FHA Extends Exterior Appraisals to October 31 – Extends Foreclosure Moratorium Until Year End The Department of Housing and Urban Development announced the re-extension of exterior-only appraisals for case numbers on HECM’s (Reverse Mortgages) assigned on or before October 31, 2020. Details were provided in Mortgagee Letter […]

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Freddie Mac News – True Lies – Forged CPA Letters – Dated July 22, 2020

Written by: Lloyd Rutherford, Staff Writer Keeping up on fraud in our industry is a tough task!  Thankfully, the agencies are good at detecting fraud and passing this information onto us.  This fraud update is especially timely as it deals with Forged CPA letters. Rule Synopsis: Freddie Mac issued their sixth edition of “True Lies”, […]

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Freddie Mac – Fraud Watch – Recognize Phone Spoofing – Dated March 30, 2020 – New MTP™ – Phone Spoofing Tricks – What You Need to Know to Protect Yourself!

Written by: Lloyd Rutherford, Staff Writer This is a new fraud alert from Freddie Mac that is important to understand. Spread the word to your clients. Rule Synopsis: Freddie Mac’s Fraud Risk team issues a bulletin to address a recent scam they learned of that they call “Phone Spoofing”. Interpretive Comments: What is Phone Spoofing? […]

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Freddie Mac News – True Lies – No One Benefits from Falsified Benefits

Written by: Lloyd Rutherford, Staff Writer When agencies uncover fraud by a few, it makes it tough on the rest of us because there are more guidelines, further scrutiny, and what may seem like nonsensical requests of our clients. Rule Synopsis: Freddie Mac issued their fifth edition of “True Lies”, which focuses on uncovering and […]

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Fannie Mae – Employment Misrepresentation Update – Dated January 24, 2020 – NEW MTP™ Fake Employers & What to Watch Out For!

Written by: Lloyd Rutherford, Staff Writer The list of “Fake Employers” continues to grow.  Read through this article to learn about how this is impacting your business and how to detect a potentially fraudulent employer. Rule Synopsis: Fannie Mae has published a list of potentially fictitious employers being used by applicants to misrepresent their actual […]

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