20-02-2020 16:20 via ocregister.com

Fake employers help borderline borrowers qualify for mortgages

The Fannie Mae fictitious California employer list started in 2018. With its January fraud alert, the list has grown to 65 companies that appear to be scheming up and down the state.
Typically, the borrower and the mortgage loan originator are in cahoots to come up with a fictional job with fictional wages so the borrower can qualify for a home loan.
Ok. Fair enough. But, why is Fannie Mae only naming California employment fraudsters? Surely, the other 49 states have their fair share of crooks.
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