Fannie’s New Headquarters Continues to Prompt Questions
April 13, 2018
Fannie Mae’s new headquarters in downtown Washington, DC, continues to be a bone of contention for some, but the GSE said the project is on schedule and expects it to be completed by November 2018. So far, about 20 percent of Fannie’s Washington workforce has relocated and more are planned as additional floors are finished. During a House Financial Services Oversight and Investigations subcommittee hearing this week, lawmakers inquired about the building’s costs. Federal Housing Finance Agency Inspector General Laura Wertheimer criticized the regulator’s monitoring of the build outs. Wertheimer said the initial investigation of the headquarters stemmed from a...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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