Palantir Technologies Inc. (PLTR) Ranks Fourth in Trading Volume with $7.717 Billion as it Partners with Fannie Mae to Revolutionize Mortgage Fraud Detection

On May 29, 2025, Palantir Technologies Inc. (PLTR) experienced a trading volume of $7.717 billion, ranking fourth in the day's stock market activity. The stock price of Palantir Technologies Inc. (PLTR) decreased by 1.16%.

Palantir has announced a strategic partnership with Fannie Mae, a quasi-governmental financial firm, to leverage AI technology in detecting mortgage fraud. This collaboration aims to enhance the efficiency and accuracy of fraud detection processes, which traditionally took human investigators months to complete. The AI-driven technology can now flag potential fraud in seconds, significantly reducing the time and resources required for such investigations. This partnership underscores Palantir's growing role in the financial sector and its commitment to using advanced technology to solve complex problems.

Fannie Mae's CEO, Priscilla Almodovar, highlighted the transformative potential of this collaboration, noting that the AI-powered tools can revolutionize the way mortgage fraud is detected and prevented. This initiative is part of a broader effort to safeguard the US housing market from fraudulent activities, ensuring a more stable and secure financial environment for all stakeholders.