How to spot a fake

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Remember that time you created the name of a fake employer on a mortgage application like George Costanza? Vandalay Industries anyone?

Well it’s happening. Fannie Mae just issued a fraud alert to mortgage lenders in Southern California after finding a list of fake companies. Among the list of 34 fakes are:

Concord Concrete
EZ Maintenance
Power Pack Consultants

And our favorite…

Jana Collins Cosmetics. I sure hope that’s a fake name because that might be easy to track down.

Fannie Mae warned that if any of these companies is listed as a place of employment, lenders should exercise caution.

Just caution? You won’t catch us lending money to Jana Collins anytime soon.

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