FHFA Chief Bill Pulte Slashes Watchdog Office, Drawing Resignation Calls Over Multitrillion-Dollar Mortgage Oversight
Updated
Updated · The New York Times · Oct 1
FHFA Chief Bill Pulte Slashes Watchdog Office, Drawing Resignation Calls Over Multitrillion-Dollar Mortgage Oversight
3 articles · Updated · The New York Times · Oct 1
Summary
Bill Pulte moved this week to make cuts so deep at the FHFA inspector general’s office that staff told Congress the watchdog would have to wind down operations.
The office oversees misconduct investigations at the housing regulator and in multitrillion-dollar mortgage markets, making the reductions a direct hit to scrutiny of Pulte’s actions.
Congressional Democrats responded by calling for Pulte’s resignation, and Senator Elizabeth Warren said at a Thursday hearing that he was unlawfully shutting down the watchdog.
The move follows the Trump administration’s November removal of acting inspector general Joe Allen after Democrats sought an investigation into Pulte’s alleged politicization of FHFA investigations against Trump’s perceived enemies.