NY state senator convicted in foreclosure embezzlement scheme

NY state senator convicted in foreclosure embezzlement scheme

Pay-offs, fraud and bribery marked Democrat senator’s tenure

Weiss Residential: Nearly half of homes in top markets losing value

"Here's where the next housing crash will start"

Small Texas bank winning big fight against CFPB

Court of Appeals upholds bank’s challenge to regulator
W S

Sources: FHFA tells Fannie and Freddie to cut costs

/ Print / Reprints /
| Share More
/ Text Size+
The Federal Housing Finance Agency recently ordered Fannie Mae and Freddie Mac to make major cuts in their general and administrative costs for 2011, according to GSE officials and advisors close to the company. At press time, spokespersons from FHFA and Freddie Mac declined to comment. A spokeswoman for Fannie said, "We don't comment on administrative matters. That said, the company is committed to being good stewards of the government's resources and therefore, regularly reviews its operations to improve efficiency."

Recent Articles by Jacob Gaffney

Comments powered by Disqus