FHFA and OIG Adding Staff As Fannie, Freddie Shrink
November 20, 2015
The Federal Housing Finance Agency plans to increase its staffing levels by almost 12 percent in the new year, even though the asset base of its two charges in conservatorship – Fannie Mae and Freddie Mac – continues to shrink.Moreover, the agency’s watchdog – the Office of Inspector General – plans to increase its head count by an aggressive 23 percent in fiscal year 2016 to 155 positions. The figures were contained in the FHFA’s new “Performance and Accountability Report.” In a past audit, the OIG criticized the FHFA for lacking a “sufficient number of examiners.” In the new budget, the FHFA plans to increase its examinations head count to 275 from 248 in FY 2015.