Fannie Mae-No Politics (FNMA)

[TightCoil]

Letter I emailed to OIG FHFA

As a shareholder, I’ve really had it that I have had to suffer so much pain and financial hardship since Fannie and Freddie were put under conservatorship. In print, we were told it was to be temporary but we’re now going on 15 years under this CORRUPTION. I’m sure many shareholders agree that CORRUPTION thrives in the administration of Fannie and Freddie.

They called me the next day with questions...here's what i told him;
The FHFA OIG's office called me on the phone the next day after I made the above complaint on their website and asked me why I think there is CORRUPTION in the FHFA...I told him there are two things: 1) we (shareholders) were told in print that the conservatorship was to be "temporary" but 15 years have passed, enough time, i told him, to impliedly conclude that there IS some kind of corruption in the agency, and 2) it is also CORRUPT because of the way the Director funnels money for pet projects, like affordable housing, diversity programs, appraisal restructuring, etc. and NOT on concentrating on making Fannie and Freddie "sound and solvent,": as it is laid out in the conservatorship goals.

He took copious notes, and said they would be back to me within two weeks.

then I got this reply back from the FHFA Office OF Inspector General:

Dear Mr. TightCoil
The Federal Housing Finance Agency- Office of Inspector General (FHFA-OIG) received your
communication on September 27, 2023.

FHFA-OIG takes seriously all information provided to us, and we vigorously pursue those
persons or entities, whether inside or outside of government, who waste, steal, or abuse
government monies or resources in connection with programs and operations of FHFA, Fannie
Mae, Freddie Mac, and the Federal Home Loan Bank System. The information you have provided will be reviewed carefully and may be recommended for action as appropriate.

Sincerely,
FHFA-OIG
Phone: [phone]|Fax: [phone]
dhttp://www.fhfaoig.gov/ReportFraud