January 21, 2013 Via E Mail c/o Sheila.Peden@fhfa.

gov Steve Linick Inspector General FHFA Office of the Inspector General 1625 Eye Street, NW Washington, DC 20006-4001 RE: FHFA Statement on Fannie Mae Agreement with Bank of America, January 7, 2013 URGENT Dear Mr. Linick: From the above captioned Press Release I quote, The transfer of mortgage servicing to specialty servicers is structured to benefit borrowers emphasis added. As you know, last February the New York Times published an article, A Mortgage Tornado Warning, Unheeded. The Article alluded to an embedded report called Report to Fannie Mae Regarding Shareholder Complaints by Mr. Nye Lavalle. The Report was commissioned at the behest of The Office of Corporate Justice by the Board of Directors of Fannie Mae in 2006 to address a shareholders concerns about fraud at Fannie Mae. I call your attention to page 13 of the Lavalle Report: In the case of a fraud by Olympia Mortgage Corporation ("Olympia"), however, Fannie Mae took extensive steps to ensure borrowers were made whole. In 2004, Fannie Mae discovered that a lender had not repaid prior loans after selling it refinancing loans. When Fannie Mae discovered the fraud, it reported its findings to law enforcement, transferred the portfolio to a sub-servicer with instructions to cure damage to borrowers (e.g., adjustment of balances and credit histories), and issued a press release to inform investors that Fannie Mae had purchased the loans out of the pool, which would cause a quick pay down on the loans instead of a stream of monthly payments. Since 2006, the date of the Lavalle Report, I would like to know exactly how many Fannie Mae borrowers were made whole as outlined in the Olympia Fraud Model? I would also like to know specifically how many such instances of fraud by the servicer have been addressed in the recent settlement with Bank of America announced January 7, 2013. Thank you. SPOKESPERSON FOR THE TAXPAYERS COALITION AGAINST GSE/FHFA FRAUD

/s/ Richard Davet

CC: Thomas Forrester, Chair of Audit Committee, Fannie Mae Members of Audit Committee Board of Directors, Fannie Mae Board of Directors, Fannie Mae Timothy J. Mayopoulos, CEO Fannie Mae Alfred Pollard, General Counsel Fannie Mae, Office of Corporate Justice Regulatory Interested Parties