Staffing Woes Harm Fannie and Freddie Oversight, Watchdog Says
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Regulators lack the staff to effectively oversee Fannie Mae and Freddie Mac and have scaled back examinations of the two mortgage companies as a result, a government watchdog reported.
A hiring campaign by the Federal Housing Finance Agency has missed targets and, when completed, will still leave the agency shorthanded. Those conclusions were part of a report released today by the FHFA’s Office of Inspector General.