WSJ | Fannie Report Warned of Foreclosure Problems in 2006

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WSJ | Fannie Report Warned of Foreclosure Problems in 2006

WSJ | Fannie Report Warned of Foreclosure Problems in 2006

Fannie Mae was warned in a 2006 internal report of abuses in the way lenders and their law firms handled foreclosures, long before regulators launched investigations into the mortgage industry’s practices.

The report said foreclosure attorneys in Florida had “routinely made” false statements in court in an effort to more quickly process foreclosures and raised questions about whether some mortgage servicers or another entity had the legal standing to foreclose.

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