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The agency's vote Thursday threatens to block many of the industry's communications with customers, though banks did win one concession.
June 6 -
David Plunkett, a 53-year-old accountant in Lynn, Mass., pleaded guilty to bank fraud this week for his part in a scheme to defraud mortgage lenders between 2006 and 2015.
February 28 -
Time and again, two former associates of President Trump deceived banks in connection with loan applications. Their wealth, proximity to power and willingness to tell big lies all appear to have helped them get away with brazen schemes.
December 12 -
Wire fraud is considered a consumer and title agent issue, but the millions of dollars it's diverting from home purchase transactions make it an issue mortgage lenders need to address, too.
December 5CertifID -
A man from Hialeah, Fla., will face sentencing in November after pleading guilty to conspiracy in an $8 million mortgage and tax-refund scheme.
September 12 -
Wire fraud committed through business email compromise schemes has emerged as a serious threat to mortgage and real estate transactions. Defending against these scams requires a comprehensive strategy that includes technology, training and nonstop vigilance.
August 27 -
Fraudsters can track a home sale from the moment it goes on the market until the deal closes, make these transactions a ripe target for business email compromise scams that seek to intercept wire transfers and steal from legitimate participants in a deal.
August 27 -
Post-crisis measures made it harder for rogue borrowers and employees to commit fraud. Now, a new threat has emerged from scammers posing as title agents, real estate professionals and more.
August 24 -
A mortgage fraud scheme involving fake employment records, initially thought to be contained to Southern California, is occurring statewide, Fannie Mae said in a new fraud alert.
August 9 -
There is now less fraud risk associated with adjustable-rate mortgage applications and this will offset some of the higher hazard associated with a purchase market.
April 2