Fannie Mae employees selling REOs listings - REO Property Preservation Forum
 
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post #1 of 2 (permalink) Old 06-09-2013, 08:47 AM Thread Starter
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Fannie Mae employees selling REOs listings

I've said it before and I'll say it again, the level of fraud in this industry would probably boggle the mind of nearly every one.




Would you be surprised to learn that Fannie Mae employees are selling REOs listings to brokers for kickbacks?
http://articles.latimes.com/2013/may/27/business/la-fi-fannie-mae-kickbacks-20130525

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.

Last edited by BPWY; 06-09-2013 at 08:49 AM.
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post #2 of 2 (permalink) Old 06-09-2013, 01:54 PM
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Quote:
Originally Posted by BPWY View Post
I've said it before and I'll say it again, the level of fraud in this industry would probably boggle the mind of nearly every one.




Would you be surprised to learn that Fannie Mae employees are selling REOs listings to brokers for kickbacks?
http://articles.latimes.com/2013/may/27/business/la-fi-fannie-mae-kickbacks-20130525
Not surprised at all. This goes on a lot in the financial sector. The penalties are stiff if you're caught. If caught more than likely you won't be able to work again.
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