Fannie Mae Plans To Move Out Of Its Headquarters

Posted by Patrick Barnard on August 29, 2014 No Comments
Categories : Residential Mortgage

In an effort to consolidate, government-sponsored enterprise Fannie Mae is reportedly moving from its Washington, D.C., headquarters it purchased nearly 40 years ago.

According to the Wall Street Journal, Fannie Mae will be selling the 3900 Wisconsin Ave. building in at least two or three years' time in order to eventually bring its five D.C. offices into one.

Run-down buildings and leases that have run out on two of them contributed to the decision, the report says, which also adds that Fannie would like to be located in the downtown area of the city.

Read the full WSJ report here.

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