Earlier this year, an employee at a Fannie Mae office in Irvina, CA, was arrested in a sting operation and accused of attempting to sell the company’s foreclosure listings to a real estate broker from Tucson, AZ, for $11,200 in cash.
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Thursday, May 30, 2013
Fannie Mae Staffer Accused Of Taking Kickbacks Says He’s Not The Only One
Since 2009, bailed-out mortgage-backer Fannie Mae has sold nearly three quarters of a million repossessed properties. And considering that there are plenty of investors and speculators looking to snap up bottom-dollar homes with the hopes of eventually reselling at a profit, someone with inside information could be tempted to put a premium on that data, even if doing so is against the law.
Earlier this year, an employee at a Fannie Mae office in Irvina, CA, was arrested in a sting operation and accused of attempting to sell the company’s foreclosure listings to a real estate broker from Tucson, AZ, for $11,200 in cash.
Earlier this year, an employee at a Fannie Mae office in Irvina, CA, was arrested in a sting operation and accused of attempting to sell the company’s foreclosure listings to a real estate broker from Tucson, AZ, for $11,200 in cash.
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3 comments:
Oh! It's ok then if others are doing it.
They wont get charged with anything,they never do.
D'oh, just when I thought Franks had disappeared, after his "wedding" to his "partner". Now we will have months of a real life Elmer Fudd on TV. Shame.
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