Uncertain Future for GSEs Will Accelerate Turnover at the Mortgage Giants
Inside Mortgage Finance - November 3, 2014 - November 4, 2014
Inside Mortgage Finance, By Charles Wisniowski
With little chance of GSE reform legislation passing until 2016, Fannie Mae and Freddie Mac will continue to experience employee turnover as well as infrastructure upkeep challenges, say experts.
Speaking during a recent conference call sponsored by GSE shareholder rights group Investors Unite, Matt Seu, principal with Actualize Consulting and a former Freddie vice president, warned that six years of government conservatorship have taken a toll on the institutional memories at both companies.
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