Fannie Mae says it is seeing fewer cases of multifamily mortgage fraud following a years-long crackdown, a finding that surprised some market watchers who say misconduct may be shifting elsewhere rather than disappearing. The government-supported mortgage giant reported that tips and investigations into multifamily fraud have fallen to 12-month lows, according to a partially redacted analysis published by its regulator, the Federal Housing Finance Agency. The decline follows a sharp surge in reported activity just a year earlier. Fannie said it received a flood of tips related to multifamily mortgage fraud in 2024, prompting 193 investigations, up from 14 in […]

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