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DeepNewz, mobile.
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Boruch 'Barry' #Drillman. Moshe 'Mark' #Silber. Fred #Schulman. What do they all have in common? They've all pled guilty to #mortgage fraud+are on #FannieMae's 'blacklist' of #realestate players, 8 in all, owing abt $700M, it won't do biz with. #GSEs https://t.co/plLGWkikXt
$ABR - More to come on this...Arbor doesn't comment on 'regulatory' investigations like @FBI & @TheJusticeDept. Exclusive: Fannie Mae’s blacklist of real estate players revealed. Internal email claims agency had $700M in exposure to suspect borrowers. https://t.co/mgAUG7Mvqg
Scoop: TRD obtained internal documents disclosing eight names on Fannie Mae's "blacklist." The agency said it had $700M in exposure to these real estate players and warned these borrowers could soon start defaulting. https://t.co/m5AdRy4wR3
Fannie Mae has identified eight real estate players on its blacklist due to concerns over suspect loans, as revealed in internal emails. The agency reported an exposure of $700 million related to these borrowers, who have been flagged for potential mortgage fraud. A new guide has been issued to lenders detailing how to recognize mortgage fraud, indicating a proactive approach by Fannie Mae to address these issues. Among those blacklisted are individuals who have pled guilty to mortgage fraud, further highlighting the agency's efforts to mitigate risk and protect its interests in the real estate market.
