Fannie Mae and Freddie Mac's New York offices will be permanently closed in response to Attorney General Letitia James' "corrupt and dangerous business practices." The FHFA is an independent federal agency responsible for regulating Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System. The expected closure of Fannie Mae and Freddie Mac's New York operations follows a Justice Department probe into Letitia James’ personal mortgages. As the attorney general of New York, she is legally required to live in the state she serves. Help us continue to report the truth about the Schumer Shutdown.