Fannie Mae Foundation Retrenching (washingtonpost.com): "The Fannie Mae Foundation has scrapped a controversial $40 million ad campaign to educate home buyers, temporarily stopped accepting grant applications and informed some area charities that their grants this year will be reduced.
The foundation, one of the Washington area's largest corporate charities, depends on the federally chartered Fannie Mae for its funding. With Fannie Mae in the midst of an accounting scandal and government investigations, the charity has been bracing for potential reductions from the troubled mortgage giant. "
No comments:
Post a Comment