Posts by Joan Ferenczy
Joan Ferenczy is Vice President, Financial Instrument Fraud Officer at Freddie Mac. Ferenczy first joined Freddie Mac in 1982 and has held a number of positions of increasing responsibility with the company's fraud investigations unit since 1989. Ferenczy reports to Mark DeLong, Freddie Mac's Senior Vice President of Enterprise Operational Risk Management. Under Ferenczy's direction, Freddie Mac's team of professional investigators aggressively probes and pursues individuals and companies who may have committed fraudulent acts involving mortgages owned by Freddie Mac. These investigations have led to hundreds of indictments and convictions, and tens of millions of dollars in civil judgments and restitution orders.
Looking Mortgage Fraud in the Face
Mortgage fraud doesn't look like a TV crime scene with yellow tape and flashing lights. It generally doesn't show up on security camera footage or in the sort of dramatic photos that make the front page or go viral on the Internet. That's because mortgage fraudsters, like any predators, rely on camouflage to hide their intentions and lull their victims into a false sense of security.
Freddie Mac's fraud investigation team has over 20 years of field experience uncovering such "camouflage" and helping law enforcement agencies prosecute mortgage fraudsters.
