• Do Freddie and Fannie receive any other special benefits from their GSE status not explicitly recognized so far. What rates do employees of these companies pay when traveling on business - government or corporate? If they pay the government rate for hotels, airfare and other business travel expenses, aren’t we further subsidizing private shareholder gains using public funds?
• What is the role of the Foundations sponsored by Fannie Mae and Freddie Mac?
• What, exactly, do the Foundations do?
• How much do the Foundations spend, on an annual basis, on print and electronic advertising?
• Do these advertising expenditures have a direct, measurable impact?
• If so, how, exactly, do these expenditures help these institutions carry out their congressionally mandated missions?
• Does the Federal government subsidize these expenditures twice - once, given the reduced borrowing costs Fannie and Freddie receive and again through tax exemptions granted to foundations?

In addition, news articles have noted that:

"EEOC finds discrimination at Freddie Mac

(Washington, D.C., Sept. 3, 1998) -- The Equal Employment Opportunity Commission has concluded there is widespread discrimination against black employees by Freddie Mac, a federally chartered mortgage underwriting company.

Acting on a complaint filed by Freddie Mac's former director of corporate relations, the EEOC issued a finding recently that said the publicly held company has created a 'hostile work environment' and urged swift corrective action to head off another lawsuit.

The EEOC filed suit against Freddie Mac last year, but a federal judge dismissed the suit after finding that the company had taken sufficient remedial action.

But EEOC lawyers said other employees have come forward since then with evidence of a pattern of discrimination against black employees."

Additional information:

Risks to taxpayers
Fannie Mae (Federal National Mortgage Corp.) & Freddie Mac (Federal Home Loan Mortgage Corp.)
The Homeownership Question
Questions concerning homeownership
Suggested changes to enhance homeownership
Testimony before the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises

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