Palantir's Trump bonanza continues with Fannie Mae contract to fight fraud

Trump administration darling Palantir has scored another data-guzzling win by partnering with Fannie Mae to detect mortgage fraud using AI. 

Fannie Mae, a US government-backed outfit that buys mortgages from lenders and bundles them into mortgage-backed securities, will partner with Palantir to create a new "AI-powered Crime Detection Unit," the mortgage giant said in an announcement yesterday. Fannie Mae said using Palantir AI in its new CDU will save the US housing market "millions in future fraud losses." 

According to the announcement, Palantir will deploy technology that can look at mortgage paperwork for "anomalous transactions, activities and behaviors" to help companies detect suspicious activity and trigger an investigation. 

"By integrating this leading AI technology, we will look across millions of datasets to detect patterns that were previously undetectable," wrote Fannie Mae CEO and President Priscilla Almodovar in a canned quote.

The announcement of the deal didn't include many details ...