Fannie Mae’s Fraudulent REO Disclosure Practices

Housing Storm reports on Fannie Mae's Real Estate Owned (REO):

It is high-time to call attention to Fannie Mae’s dastardly practice of NOT disclosing existing inspections and reports to buyers of their REO properties. Fannie Mae is knowingly breaking real estate law and asking it’s REO listing agents to do so as well.

Pretend you buying a foreclosed property owned by Fannie Mae. The listing agent sends you over a package of disclosures (or most of them anyway). They are also required to send over all inspections and reports from any previous escrows. But, they don’t and they won’t.

So far, Eric Holder can't find any real fraud. Imagine that.