Mortgage News

Members of Congress Busted of Mortgage Fraud?

April 21, 2025

Share

Crowd-Sourcing ideas and solutions with other LOs

join MortgageShots PODS

Click HERE

Congress is under fire as more lawmakers face accusations of mortgage fraud, with new scrutiny on primary residence claims tied to Fannie Mae and Freddie Mac loans. At the same time, buyers are turning to riskier loan products like ARMs due to rising rates and tighter FHA rules, especially impacting non-permanent residents. The mortgage industry braces for political shakeups, regulatory crackdowns, and shifting opportunities