Fannie Mae-No Politics (FNMA)

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Freddie Mac offers buyout amid government overhaul effort: report

By Brittany De Lea - FOXBusiness



Mortgage giant Freddie Mac appears to be looking to downsize
amid a sweeping reform push spearheaded by the Trump administration.

The government-sponsored enterprise has offered early retirement
packages to one-quarter of its workforce who meet certain requirements,
four people briefed on the matter told Reuters on Wednesday.
That's about 1,650 employees. Freddie Mac expects about 6 percent
of those offered the buyout to take it.

A spokesperson for Freddie Mac did not immediately return FOX Business’
request for comment.

Staffers had been previously made aware of the buyouts, but it was
not immediately clear how many people had already accepted the offer,
according to Reuters.