GAO Investigation

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FHFA Wants the Power to Prosecute Mortgage Fraud. The Politics Behind the Ask Are Anything But Simple.

Indeed, the FHFA finds itself facing an issue that it can no longer ignore. As noted in the FHFA's most recent annual report to Congress, the FHFA is requesting statutory authority to enforce mortgage fraud directly, whether it be through being allowed to file suit in federal or state court, or by pushing Congress to create a special federal civil cause of action for such enforcement actions. At first...