News & Insights
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News Articles | November 9, 2011
Emerging Fraud Trends: Short Payoff Fraud
Given increased defaults and declining property values in certain locations, the mortgage industry is experiencing an increase in short payoffs, sometimes called short sales. In fact, over the last two years, short payoff volume at Freddie Mac has grown more than 1,000 percent (2007-2009) leaving the market ripe for incidences of short payoff fraud.
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News Articles | November 9, 2011
Detected Any Mortgage Fraud Schemes Lately?
With evolving technology and so many different fraudulent schemes, defrauding lending and servicing institutions has become all too common in today's market. The Single-Family Fraud Risk (SFFR) researches and follows housing market fraud trends and has put in place important guidelines to assist you and your organization in protecting against mortgage fraud.
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News Articles | November 9, 2011
Freddie Mac Borrower Help Centers
Through our on-the-ground Borrower Help Centers and national Network, we work with trusted national nonprofit intermediaries to support Freddie Mac’s ongoing commitment of preparing prospective buyers for responsible homeownership.