Fannie Mae, the government-sponsored enterprise overseen by the Federal Housing Finance Agency, is enlisting data analytics giant Palantir in a new partnership aimed at cracking down on mortgage fraud. Under the agreement, Palantir’s technology will be deployed to uncover fraud in mortgage packages before they reach Fannie Mae. Priscilla Almodovar, president and chief executive officer
The Trump administration has made some changes to two pillars of the American housing market: the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Or, as they’re better known, Fannie Mae and Freddie Mac. Last week the administration fired 14 members of the boards of directors at the two corporations. Fannie and
The most immediate risk is that it could disrupt the mortgage market and lead to an increase in the average rate for a 30-year mortgage, which is currently at 7 per cent read more The US government is weighing an executive order that could set in motion the privatisation of the two government-sponsored enterprises (GSEs)