Former Fannie Mae Employee

Former Fannie Mae Employee Found Guilty In REO Foreclosure Scam

Former Fannie Mae Employee Found Guilty Of Making Millions On Shady REO Foreclosure Sales Former Fannie Mae employee Shirene Hernandez is facing 40 years in prison. She was found guilty of accepting millions of dollars in bribes and kickbacks in exchange for selling Fannie Mae REO properties. Federal prosecutors charged Shirene Hernandez in January 2018 with […]

fannie mae employee

Fannie Mae Employee Indicted For Accepting Bribes

Former Fannie Mae Employee Charged With Accepting Bribes and Approving Below-Market Sale of Foreclosed Homes Former Fannie Mae employee Shirene Hernandez was arraigned on two counts of wire fraud. Hernandez pleaded not guilty. The judge made her post a $65,000 bond. The judge also ordered her to stand trial on March 20, 2018. The DOJ alleges the […]

FHFA Says Their Market Manipulation Scheme Is Working

Steve Dibert, MFI-Miami The online housing site, Housing Wire cited a report yesterday from FHFA indicating that housing values have increased by 1.4% for the fourth quarter of 2012 and up 5.5% from the fourth quarter of 2011. As anyone who does real estate investing can tell you, this is not a big surprise since for […]

Looks Like Fannie Mae Needs To Hire Al Harrington

Fannie’s Big Foreclosure Sale: Maybe Not So Big After All Alan Zibel, Wall Street Journal Fannie Mae FNMA +0.41% will sell nearly 700 foreclosures in Florida to a real-estate investment firm, but appears unlikely to expand this strategy beyond properties already rented out to tenants. San Diego-based Pacifica Companies reached an agreement last week to purchase the 699 […]

Nearly half of Fannie Mae REO unable to reach market

Jon Prior, Housing Wire Only half of the previously foreclosed homes owned by Fannie Mae are either on the market or being prepared for sale. The remaining properties are currently locked away in some step of the foreclosure system. The National Association of Realtors said in its existing home sales report Wednesday that its officials were pressuring government agencies to release […]

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