Overview

• Fannie Mae formally rolled out the Fraud Defense Dome on May 28 to bolster its fraud detection capabilities using Palantir’s machine-learning models
• In early tests the system identified fraudulent activity in seconds, a task that previously required about two months of human review
• CEO Priscilla Almodovar said the tool will sift through Fannie Mae’s $4.3 trillion mortgage portfolio to reduce losses and protect taxpayers
• FHFA Director William Pulte indicated the fraud-fighting platform could be extended to Freddie Mac and that discussions with Elon Musk’s xAI are underway
• Palantir shares have climbed over 140% since November as the company expands its footprint in defense, immigration and now housing-finance fraud prevention