The Federal Housing Finance Agency, the regulator overseeing D.C.-based Fannie Mae and McLean-based Freddie Mac, on Monday said the agency would begin forming a company that would consolidate some of the "back-office" functions currently replicated individually by each firm, The Wall Street Journal reports.The company would have its own chief executive and board and for now would be jointly owned by Fannie and Freddie, Edward DeMarco, acting director of the FHFA, said in a speech Monday before…Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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