• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Fannie 2008 Fraud Report

Status
Not open for further replies.

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
Fannie Jan. 2008 Fraud Update Pdf


"4% VALUE MISREPRESENTATIONS" LOANS 2006-2007

PLUS TOP TEN CITIES
 
Last edited:
So appraisers are responsible for 4% of the whole pie. Lots of other
fraud goin on out there. It appears with the help of their
lender they lie about liabilities, SSN, Credit, Occupation, Income,
their Assets, and Property (whatever that means).

Raines, et al (Fannie Execs), don't have the cleanest shirts either,
but of course they get to agree to the penalty with out accepting
or denying the charge.
 
Also include 10% for property-misrepresenting material facts of the subject and/or comps. My market is on both "top 10" lists.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top