Overview

• Fannie Mae on May 28 launched the Fraud Defense Dome, an AI-powered system built with Palantir to boost mortgage fraud detection
• Early testing showed the tool flagged fraudulent applications in seconds compared with the two months human investigators previously needed
• FHFA director William Pulte said the program could be rolled out to Freddie Mac and that talks are underway with Elon Musk’s xAI for similar applications
• Palantir CEO Alex Karp highlighted that the system protects the underlying data and privacy of mortgage applicants while scanning millions of records
• President Trump has reiterated plans to take Fannie Mae and Freddie Mac public and assured that the U.S. government will retain its implicit guarantees