Foreclosure Inspections: An investigation into the pre-foreclosure inspections conducted by mortgage giants Fannie Mae 
and Freddie Mac revealed several errors – including reports that possibly included fraudulent data – and raised "serious quality control issues, claims a new report from the Office of Inspector General for the Federal Housing Finance Agency. The report alleges that the Fannie Mae and Freddie Mac did "not have quality controls in place to obtain reasonable assurance that pre-foreclosure property inspection information is accurate, consistent, and complete." The government-sponsored enterprises paid more than $91.2 million in pre-foreclosure property inspections in 2011 and 2012. Read more on distress properties.
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