The Housing and Economic Recovery Act of 2008 requires Fannie Mae and Freddie Mac, which issue mortgage-backed securities, to ensure diversity in their workforce and include diverse businesses in their business activities. From 2011-2019, Fannie Mae and Freddie Mac slightly increased the number of women and minorities on their boards of directors and in senior management and recruited diverse work...

Pursuant to a legislative requirement, GAO reviewed the Resolution Trust Corporation's (RTC) efforts during fiscal year (FY) 1995 to sell performing assets to acquirers of failed thrifts under the Minority Preference Resolutions Program.GAO found that: (1) RTC established a reasonable process for the independent valuation of residential mortgage loans that were offered for sale to minority acquire...