Fannie and Freddie

[Anonymous]

Anonymous wrote:I think RTO is to see who actually still lives in the DMC. Freddie is May 1st. They have not been in the office since Feb 2020. A lot of folks may have moved away and might come back short term but unless a high paid job they wont move back or rent a pied a tier. Also people over 60 already in Florida just loggin on each day may not come back.

What are they gonna do after they see?

[Anonymous]

Anonymous wrote:I think RTO is to see who actually still lives in the DMC. Freddie is May 1st. They have not been in the office since Feb 2020. A lot of folks may have moved away and might come back short term but unless a high paid job they wont move back or rent a pied a tier. Also people over 60 already in Florida just loggin on each day may not come back.

This is simply not true. 2 days a week in office for several years now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think RTO is to see who actually still lives in the DMC. Freddie is May 1st. They have not been in the office since Feb 2020. A lot of folks may have moved away and might come back short term but unless a high paid job they wont move back or rent a pied a tier. Also people over 60 already in Florida just loggin on each day may not come back.

This is simply not true. 2 days a week in office for several years now.

At Freddie, it's actually been 3 days a week in office for several years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think RTO is to see who actually still lives in the DMC. Freddie is May 1st. They have not been in the office since Feb 2020. A lot of folks may have moved away and might come back short term but unless a high paid job they wont move back or rent a pied a tier. Also people over 60 already in Florida just loggin on each day may not come back.

This is simply not true. 2 days a week in office for several years now.

At Freddie, it's actually been 3 days a week in office for several years.

Correct. It’s Fannie that has not been in the office. Freddie has been 3 days a week for a long time.

[Anonymous]

Do we think cuts will happen prior to this May 1 “Elon out” deadline?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think RTO is to see who actually still lives in the DMC. Freddie is May 1st. They have not been in the office since Feb 2020. A lot of folks may have moved away and might come back short term but unless a high paid job they wont move back or rent a pied a tier. Also people over 60 already in Florida just loggin on each day may not come back.

This is simply not true. 2 days a week in office for several years now.

At Freddie, it's actually been 3 days a week in office for several years.

Correct. It’s Fannie that has not been in the office. Freddie has been 3 days a week for a long time.

Not several years but they have been "back" but not really back. Lots of coffee badging.

[Anonymous]

Freddie employees have been going to office Tuesday to Thursday since January 2023. From April 1, 2022 it was twice a week, Tuesdays and Wednesdays.

[Anonymous]

Hearing of layoffs today at Fannie. MF, Climate teams apparently impacted.

[Anonymous]

What are MF teams?

[Anonymous]

Assuming MF is multifamily. Any more intel on the MF teams?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are the lawyers at the GSE’s at risk?

In a merger situation, so obviously! The streamlining effort that is going on in government will hit Fannie+Freddie. I think many departments that do similar/same work is at risk. It's unique roles and who is more liked that works in favor of an employee during reorgs like this.

There are no plans to merge Freddie and Fannie. This is fake news.
However, privatization is on the table.

I thought the whole raison d'etre for Fannie and Freddie is that the private sector isn't interested in providing this service.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are the lawyers at the GSE’s at risk?

In a merger situation, so obviously! The streamlining effort that is going on in government will hit Fannie+Freddie. I think many departments that do similar/same work is at risk. It's unique roles and who is more liked that works in favor of an employee during reorgs like this.

There are no plans to merge Freddie and Fannie. This is fake news.
However, privatization is on the table.

I thought the whole raison d'etre for Fannie and Freddie is that the private sector isn't interested in providing this service.

Not correct

Private sector would do this and do it well.

But with Fannie and Freddie able to borrow at gov rates , they can always beat the private sector sector

US needs to privatize the GSEs and let the market do its magic

[Anonymous]

We will know soon if they will go for a merger/SWF/privatization. Either way, they seem to think that cuts would be necessary to raise capital and attract investors

[Anonymous]

Which jobs/ departments are at risk to be cut first? HR, Legal, Risk, compliance, IT, accounting?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think RTO is to see who actually still lives in the DMC. Freddie is May 1st. They have not been in the office since Feb 2020. A lot of folks may have moved away and might come back short term but unless a high paid job they wont move back or rent a pied a tier. Also people over 60 already in Florida just loggin on each day may not come back.

This is simply not true. 2 days a week in office for several years now.

At Freddie, it's actually been 3 days a week in office for several years.

Correct. It’s Fannie that has not been in the office. Freddie has been 3 days a week for a long time.

You still can live anywhere with 3 days a week in office, it is 2 nights a cheap hotel.