Walker & Dunlop disclosed that it may have to repurchase millions of dollars of loans after Freddie Mac discovered borrowers committed mortgage fraud. The finance and advisory firm revealed in its most recent earnings report and call with analysts that it has received requests from Freddie Mac to repurchase two loan portfolios with $100 million in unpaid balance because of fraudulent documentation submitted by the borrower. The company has already entered into forbearance with Freddie Mac for one of the loan portfolios. It said it expects to enter into forbearance on the second portfolio of loans, totaling $49.3 million. But […]
This article originally appeared on The Real Deal. Click here to read the full story.