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Fannie Mae and Freddie Mac New York offices close over AG James’s ‘corrupt’ actions
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News - Washington Examiner
The Federal Housing Finance Agency is shuttering New York’s Fannie Mae and Freddie Mac offices due to state Attorney General Letitia James’s alleged “corrupt” actions, the Washington Examiner confirmed.
The FHFA oversees Fannie Mae and Freddie Mac, which provide “liquidity, stability, and affordability to the mortgage market,” the agency said.
Fannie Mae and Freddie Mac had offices near Midtown Manhattan in New York City.
(AP Photo/Yuki Iwamura, File)It’s unclear what James did specifically to cause the two government-sponsored companies to close their New York offices.
“As we have repeatedly said, any impartial and non-political inquiry would conclude Attorney General James did not violate any laws managing her properties,” he added.