For Mortgage Borrowers and Renters
Be aware that fraud schemes may try to steal your sensitive personal information, money, or home. Scammers are increasing attempts to harm homeowners, mortgage borrowers, and renters through housing scams, relief scams, and mortgage fraud.
Watch out for:
- Fraudulent calls, emails, and text messages from scammers posing as Fannie Mae, Freddie Mac, banks or mortgage companies, non-profits, or government officials offering lower interest rates, foreclosure relief, delayed payment terms, or other loan modifications;
- Fraudulent offers for mortgage or rental assistance that require up-front payments such as cash, check, or wire transfer payments – no legitimate relief program requires up-front payments;
- “Spoofed” phone numbers and emails – where fraudsters provide false information to make their communications appear to be from a legitimate source. For example, your caller ID could show that a call is from your bank or Freddie Mac, but that may not be the case.
- Individuals who attempt to purchase your home by offering false information about the consequences of loan forbearance.
- Unsolicited offers for mortgage or rental-related assistance. Stop and verify whether the contact is legitimate, and always conduct your own independent research concerning any assistance. You can help protect yourself and your family by asking questions, carefully reading any materials provided, and contacting trusted resources when in doubt; and
- Unsolicited contact from persons reporting to be affiliated with your bank or mortgage company, landlord, or management company. Request the person’s name and contact information. Then, contact your financial institution or landlord via a trusted channel, such as a phone number on a recent bill or statement, to verify whether the contact is legitimate.
Borrowers should report possible mortgage fraud to FHFA’s Office of Inspector General online or at 800-793-7724. You can also report suspicious unsolicited communications to the Federal Trade Commission.
For More Information and Assistance
You can find additional coronavirus-related fraud-prevention resources as well as mortgage help online and by telephone at:
- Consumer Financial Protection Bureau – Fraud and Scams
- Fannie Mae – Beware of Scams or 1-800-2FANNIE;
- Freddie Mac or 1-800-FREDDIE (select option 2); and
- If you have additional questions, contact your mortgage servicer (listed on a recent mortgage statement) for assistance.
For Individuals Working in the Mortgage Industry
Be Alert:
FHFA encourages individuals working in the mortgage industry to be alert to possible fraud schemes such as:
- Appraisal fraud by individuals misusing flexible appraisal alternatives;
- Application fraud by individuals exploiting borrower employment verification flexibility;
- Forbearance and foreclosure-rescue related fraud;
- Fraud related to property inspection and maintenance for delinquent properties; and
- Possible misappropriation of escrow funds.
Report Possible Fraud:
In addition to regulatory and contractual reporting requirements, individuals involved in the mortgage industry should report possible mortgage fraud to FHFA’s Office of Inspector General online or at 800-793-7724.
Fannie Mae and Freddie Mac have posted additional fraud-prevention resources for individuals in the mortgage industry that are available online from:
Page Last Updated: November 1, 2023