Tag: Misrepresentation

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? […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

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 […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

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 […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Freddie Mac – Reining in Reverse Occupancy

Written by: Lloyd Rutherford, Staff Writer Opening your eyes to what causes lender buybacks or litigation is important if you are going to be in the business of lending money.  The agencies periodically issue fraud trends that they see in our industry, and it is important for all lenders to keep up on what is […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Freddie Mac News – True Lies – Suspiciously Similar Paystubs – Dated September 16, 2019

Written by: Lloyd Rutherford, Staff Writer Rule Synopsis: Freddie Mac issues their third edition of “True Lies”, which focuses on uncovering and exposing various schemes across the country that lead to closed loans, putting the lender and many other industry participants at risk. This edition exposes loans approved with “Suspiciously Similar Paystubs”. Interpretive Comments: Can […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top