The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
October 4, 2011

Report: Fannie Mae Aware of Dubious Foreclosure Practices as Early as 2003 
---------------------------------------------------------------------------



A government report has revealed mortgage giant Fannie Mae was aware of
allegations of improper foreclosure practices by law firms it relied on
as early as 2003, but did not act to stop them. The report criticizes
the Federal Housing Finance Agency for failing to scrutinize Fannie
Mae’s support of dubious foreclosure activities until 2010. The report
marks the second in just two weeks criticizing the Federal Housing
Finance Agency (FHFA) and the companies it oversees. The report outlines
the implementation of "robo-signing" by law firms working under Fannie
Mae, which led some lenders to suspend foreclosures last fall.



.