Another Fannie Mae principal dropped as defendant in fraud case

Former Fannie Mae Executive Vice chairman and Chief Financial Officer J. Timothy Howard has been steadfastly vilified by investors in a mortgage fraud case that pits securities class action investors against Fannie Mae and a number of its former and current business executives. The plaintiffs, which include state pension funds, allege that company officers knowingly… Read More

‘Operation Clean House’ Makes Mortgage Fraud Allegations in Georgia

Georgia is seeing an uptick in the number of citizens being arrested for housing fraud. Dougherty County appears to be the most affected. Georgia’s Bureau of Investigation (GBI) has partnered with the Department of Housing and Urban Development (HUD) to start ‘Operation Clean House.’ Investigators are targeting 80 suspects they claim lied and made misrepresentations… Read More