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Beware of COVID-19 Mortgage Scammers!

Unfortunately, in times of crisis, there are still those who look for ways to take advantage of others. Freddie Mac warned this week that it learned of a scam where borrowers were receiving fraudulent calls impersonating the mortgage financing giant in offering low interest rates and other false promises. I know you are under a lot of stress but be careful and follow the tips below:

  • If you need mortgage relief, call the lender directly. It's unlikely that lenders will call you to ask if you want a lower rate or a modification. It's a red flag!

  • If a call comes from an unknown number, let it go to voicemail. If it’s important, the caller will leave a message.

  • If you answer and receive a robocall, don’t press any numbers. Hang up.

  • Never give out any personal, financial, or other sensitive information unless you’ve verified the caller is a legitimate source.

  • Be cautious of numbers on your caller ID since scammers can make any name or number appear on your caller id

Hang in there everyone and stay safe both physically and digitally!


“Avoiding Fraud: Call Spoofing,” Freddie Mac (March 25, 2020)

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