The regulator of the Federal National Mortgage Association is being criticized for oversight of the secondary lender’s planned move to a new headquarters facility.
Fannie Mae is moving from its current landmark location on Wisconsin Ave. in Washington to a new location in the District of Columbia’s Midtown Center building.
The net present value of the new location was presented at $770 million, lower than other options that included renovating its existing space where the lease expires in 2018.
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From:: Financing