“Honesty is the best policy – when there is money in it.” – Mark Twain Would you be surprised to learn that Fannie Mae employees are selling REOs listings to brokers for kickbacks? Investigators are examining whether soliciting illegal payments is a common practice at Fannie Mae’s Irvine, California office. Shouldn’t the office of Fannie…

Dear Readers,

As you know, I recently wrote an open letter to Freddie Mac’s CEO regarding their recent exclusive partnership with First American Natural Hazard. My concern has always been that arrangements like this are designed to cut out the smaller independent providers and to create situations like the monopoly currently being enjoyed by the two big title companies in CA real estate REO transactions. Well, I am not the only one who feels this way.