Which is exactly how much Freddie has to do with the mortgage "business". It's a "public/private partnership" which has done everything it could to destroy the mortgage business.
You are seriously naive if you believe there was ever any advice. It wasn't advice they were buying, it was influence. It was a corrupt arrangement, where an illegitimate organization - miles in debt to tax payers -blah, blah, blah...
So in other words, you don't know.
Gretta gave him every chance to explain what that money was for. He declined. Instead he engaging in euphemism, obfuscation, and claimed memory loss. So what is a rational person to conclude? If you want to bitterly cling to the belief that there is nothing corrupt about the arrangement, the turnip truck you fell off of can't be far away, Gomer.
But Newt embracing and furthering the intentionally destructive enterprise, while pocketing a huge sum for himself doesn't bother you. Something compels you to defend corrupt entanglement with of an institution you yourself condemn. Cognitive dissonance much?