FEDERAL HOME LOAN MORTGAGE

Last week, RealtyStore brought you the news that Fannie Mae and Freddie Mac CEO's were being removed from their posts by the U.S. Government. To the disgust of many, both Daniel Mudd (former CEO) and Richard Syron had expected to receive multimillion dollar severance packages. The FHFA, assigned to handle the removal process, recently announced it's determination not to issue the "golden parachute" (extra money the men could use to "get by" on until new employment could be found) as part of the mens' severance packages, which also include pensions.

Proof that hindsight is 20-20, a three-page report issued Tuesday, June 10, 2008, by the Washington Post made it clear that HUD is currently in the spotlight, given how many of their borrowers have entered or lost their homes to foreclosure. Not only are real estate professionals looking in their direction and shaking their heads, but now Congress is expected to consider changing HUD's regulatory responsibilities, as well.