Fannie Mae Battles Mortgage Fraud on Apartment Loans Amid Q3 Losses Fannie Mae revealed significant financial losses linked to multifamily mortgage fraud, marking its first public acknowledgment of an ongoing investigation. Fraudulent financial reporting allowed investors to secure larger loans, now sold to Fannie Mae, intensifying losses as interest rates climb. The agency has cut ties with several firms implicated in the schemes and is pushing for stricter lender guidelines to combat future risks. Serious delinquencies also increased in their multifamily loan portfolio, with senior housing loans hit hardest. https://lnkd.in/e7RxRrnp