Fannie Mae and Freddie Mac potential mortgage fraud – FBI investigates

The following mortgage finance giants are alleged to be under investigation by the FBI for potential fraud:

  • Fannie Mae
  • Freddie Mac
  • American International Group (AIG)

The Feds are also allegedly investigating the collapse of Washington Mutual (WAMU), Lehman Brothers and several other large financial firms.

And why is this relevant? No particular reason, but if you’re like me and tend to think you’re in safe and honest hands when dealing with large corporations, you might want to keep your eye on the investigation. It could prove to be an eye-opening experience.

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