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Whistleblower Rule Protects GSEs More Than Sellers
The Federal Housing Finance Agency has issued a new “GSE whistleblower” regulation that requires Fannie Mae, Freddie Mac and the Federal Home Loan Banks to report loan fraud or possible fraud to the agency, and will protect them (and their officers, directors, attorneys, and accountants) from liability for doing so. But the final rule, drafted under the mandate of the Housing and Economic...
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