Quote:
Originally Posted by JeremyD
These fouckers that committed fraud should be sitting in prison - produce false loan applications - you get six months!
|
Fannie and Freddie have absolutely nothing to do with this. They are not direct lenders. You can't just call them up and apply for a loan. They buy loans that have already closed, which were underwritten to Fannie/Freddie guidelines. If there's fraud in a loan, it occured long before Fannie or Freddie got a hold of it.