Tag Archives: FHFA-OIG magnifies GSEs REO management

Due to the high-risk nature of managing real-estate owned assets at Fannie Mae and Freddie Mac, the Office of Inspector General for the Federal Housing Finance Agency (FHFA-OIG) has implemented an aggressive evaluation process to assess FHFA’s REO oversight and conservatorship efforts, according to a new report. The report evaluates initiatives by the U.S. Department of Housing and Urban Development and the GSEs to shrink their respective REO inventories, while addressing steps taken by the HUD Inspector General and FHFA-OIG to assess their respective REO-related activities. When the national REO […]