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Home » Store » News » OIG: GSE Staff Turnover Mitigated for Now

OIG: GSE Staff Turnover Mitigated for Now

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The voluntary attrition rate of experienced and knowledgeable staffers within Fannie Mae’s and Freddie Mac’s capital markets businesses remains a concern, but for the time being the problem “appears to have been mitigated,” according to the Federal Housing Finance Agency’s official watchdog. Although employee turnover at both GSEs has been an issue that accelerated following the companies’ move into government conservatorship in 2008, the FHFA’s Office of Inspector General zeroed in on staffing at Fannie’s Capital Markets Group and Freddie’s Investments & Capital Markets Division “because of their portfolios’ size, complexity and susceptibility to sustaining significant losses.”
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