Fake press release announces Fannie Mae principal reduction program

09/20/2012 9:49 AM | Anonymous
A fake press release with Fannie Mae letterhead, links and contact information was sent to some media outlets, announcing a new principal reduction program.

The fictional HomeRight Community Relief Program in the fake press release would force servicers to reduce principal "to reflect their current market value" through HAMP modifications. A phone number is even assigned to press contact Andrew Wilson, but the area code is from Georgia – not really close to Washington, D.C., where Fannie is based.

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