Offices Go Vacant at Fannie and Freddie

Until a year ago, two of the most coveted workplaces in this city were Fannie Mae and Freddie Mac, the mortgage finance giants at the intersection of Washington and Wall Street. The companies offered a lucrative perch for former top administration officials and Congressional aides interested in continuing to shape policy.

Now both companies are suffering from an exodus of senior and midlevel managers. The companies have been unable to replace executives who have either been pushed aside as part of last year’s government takeover, or who sought refuge at less stigmatized companies offering better pay and a more predictable future.