New FHFA IG letter sheds light on risky mortage oversight.

The FHFA has abdicated its responsibility to oversee the operations of Fannie Mae and Freddie Mac, placing huge mortgage markets at risk, the agency’s inspector general said in a report on management challenges facing the agency.

“FHFA must make a heightened and sustained effort to improve its supervision of the Enterprises,” Inspector General Laura Wertheimer wrote.

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David Baumann

 

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