A former Fannie Mae employee has been charged with taking bribes on real-estate owned properties. It’s the second time an employee from the same office has been accused of such crimes.

Shirlene Hernandez worked as an REO foreclosure specialist for the Federal National Mortgage Association in Irvine, California. She assigned REOs to listing brokers and approved the sales.

When Hernandez, 45, approved the sale of a company-owned foreclosed property, the decision was supposed to be based on offers submitted by real estate brokers.


Source: Mortgage Daily