NY Times | Agency Failed to Refer Complaints About Freddie and Fannie (Report)

“It is stunning that the conservator of Fannie Mae and Freddie Mac, which have received $150 billion in a taxpayer-funded bailout, had just two people receiving and processing customer complaints”

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Oversight Group Did Not Refer Housing Complaints

The federal agency overseeing Fannie Mae and Freddie Mac, the taxpayer-owned mortgage finance giants, failed to refer to criminal investigators and other authorities almost 100 complaints about possible foreclosure abuse and mortgage fraud at the companies over a recent two-year period, according to a report issued late Tuesday by the inspector general of the Federal Housing Finance Agency.

While the report did not determine whether these and other complaints had merit, it said that the agency’s unresponsiveness to them was problematic.

“Failure to recognize and quickly provide law enforcement authorities with information about allegations of fraud and other potential criminal conduct presents a significant risk for the agency,” the report said.

Check out the rest from the NY Times here…

Full audit report below…

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4closureFraud.org

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FHFA Audit of the Federal Housing Finance Agency’s Consumer Complaint Process

[scribd id=58467656 key=key-2ijdduqt5pkl7fqbcpfh mode=list]

Comments
3 Responses to “NY Times | Agency Failed to Refer Complaints About Freddie and Fannie (Report)”
  1. pamelag says:

    i BEGGED freddie mac for a forensic audit as i was never in default, my case being easy (new loan) and they refused to even listen. they are all in on it. plenty of $$$ to be passed around.

    • Readdocs says:

      Then the title being held by MERS in digital form (copy), is nothing more than a copy to be used
      to refer in the paper trail (history) of the property belonging to the trustee/lender as to its’ (property)
      status.

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