Mortgage News

Fannie Mae Fires 100+ Over Fraud

April 11, 2025

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Fannie Mae has fired over 100 employees for alleged mortgage fraud, raising concerns about accountability in the housing market. Despite these firings, Fannie and Freddie Mac remain highly profitable under government conservatorship. Meanwhile, mortgage refinance rejection rates are at a historic 42%, signaling tighter lending standards. As fraud reemerges in a slowing market,