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Home » Store » News » OFHEO Criticized for Excessive Spending

OFHEO Criticized for Excessive Spending

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Fannie’s and Freddie’s regulator has had to fend off more criticism after a federal audit claimed the agency has spent too much on travel expenses and has inadequately supervised credit card purchases. According to the Department of Housing and Urban Development’s Inspector General, employees with the Office of Federal Housing Enterprise Oversight paid more than the government-approved price for hotel rooms during 42 percent of the 478 trips it reviewed. HUD’s IG also
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