Fannie Mae knew about Florida foreclosure mill malpractice in 2006, did nothing

Federal mortgage giant Fannie Mae was told in 2006 about faulty court documents filed by Florida foreclosure attorneys acting on its behalf, but did nothing to correct the practices, an inspector general found.

A report issued Friday by the Federal Housing Finance Agency Office of Inspector General said an outside law firm hired by Fannie Mae to investigate allegations of wrongdoing confirmed "unlawful" practices and stated that foreclosure attorneys were sacrificing accuracy for speed by filing false documents.