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The FHFA, led by Bill Pulte, has launched an aggressive campaign to uncover mortgage fraud—starting with Congress. With Fannie Mae and Freddie Mac under scrutiny, hundreds of lawmakers are now being audited for potentially misrepresenting their primary residences to get better mortgage rates. A new fraud tip hotline invites the public to report misconduct, signaling what some are calling a politically motivated “witch hunt” using the power of the GSEs.
