Fannie Mae Partners With Palantir to Launch AI Mortgage Fraud Unit as Trump Expands $113M Federal Contracts

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Updated May 30, 2025, 01:11 PM

Fannie Mae has announced a partnership with Palantir Technologies to launch an AI-powered Crime Detection Unit aimed at combating mortgage fraud in the U.S. housing market. The collaboration leverages Palantir's AI technology to detect and prevent fraudulent activities with unprecedented speed and precision, reducing investigation times from 60 days to mere seconds. This initiative is expected to save millions in potential losses and enhance the safety and soundness of the housing system by identifying bad actors.

The partnership comes amid discussions between Fannie Mae and xAI regarding further AI-related collaborations in mortgage and title insurance sectors. Concurrently, the Trump administration is expanding Palantir's federal government contracts, with the company providing data integration services across multiple agencies including the Department of Homeland Security, IRS, and Health and Human Services. Palantir has secured over $113 million in contracts since Trump took office, including a recent $795 million Department of Defense contract. Additionally, Palantir is in talks with the Social Security Administration and IRS to expand its technology adoption. The expansion of Palantir's role in federal data management aligns with President Trump's efforts to utilize AI and data analytics to improve government operations and housing market oversight.

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#Fannie Mae #Palantir Technologies #Crime Detection Unit #Palantir #xAI #Trump #Department of Homeland Security #IRS #Health and Human Services #Department of Defense #Social Security Administration

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Palantir is in talks with the Social Security Administration and IRS about buying its technology after a recent expansion of its work across federal government, the NYT reported.