Fannie Mae has unveiled a new AI-driven Crime Detection Unit in partnership with Palantir Technologies, a move Federal Housing Finance Agency (FHFA) Director and Fannie Mae Chairman Bill Pulte called “something big on mortgage fraud.”
The announcement comes as fresh debate swirls over the potential relisting of Fannie Mae and its counterpart Freddie Mac on a major U.S. stock exchange. Both government-sponsored enterprises (GSEs) were delisted from the New York Stock Exchange in 2010.
Expanding Fraud-Fighting Tools
Fannie Mae, which holds more than $4.3 trillion in assets and backs roughly one in four single-family mortgages in the U.S., said the new unit will expand its ability to detect and prevent financial crimes.
The AI system, built on Palantir’s machine learning platform, will monitor millions of transactions for anomalies and suspicious patterns. Executives said the tool will allow investigators to uncover fraud “with speed and precision never before seen in the U.S. housing market.”
“No one is above the law,” Pulte said in a statement. “This cutting-edge AI technology will help us find criminals who try to defraud our system. It will increase safety and soundness by rooting out bad actors in our housing market.”
Fannie Mae CEO Priscilla Almodovar said the partnership allows the company to “look across millions of datasets to detect patterns that were previously undetectable,” adding that the new unit could prevent millions of dollars in future fraud losses.
If successful, the technology could also be deployed at Freddie Mac, Pulte noted on a media call.
Public Trading Debate Resurfaces
The rollout coincides with renewed talk of returning Fannie Mae and Freddie Mac to public trading. On May 27, President Donald Trump posted on Truth Social that he is “working on TAKING THESE AMAZING COMPANIES PUBLIC,” while insisting the U.S. government would continue to provide implicit guarantees.
Trump praised both GSEs as “doing very well” and tied their future to restoring the “American Dream.”
Responding the next morning on X, FHFA Director Pulte echoed Trump’s enthusiasm: “Thank goodness we have a President who cares and loves Fannie Mae and Freddie Mac!”
Pulte later appeared on Fox News, highlighting affordability concerns. “Mortgage rates have skyrocketed,” he said, pledging to “take cost out of the system and get homes so they can be affordable again.”
He criticized housing affordability trends under former President Joe Biden and said Trump’s push to relist the GSEs goes beyond their current status trading on “pink sheets” in over-the-counter markets.
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