The DC Circuit Court rejected FHFA’s request for an en banc rehearing in Fairholme. Now, only a potential Supreme Court appeal stands between shareholders and an $812 million payday.
Analysts worry that FHFA’s aggressive policy moves on credit scores are more about saving consumers money than the safety and soundness of the mortgage system.
The FHFA noted that its OIG budget was nine times larger than the average across federal agencies. Critics say the cuts are intended to protect FHFA Director Bill Pulte and President Trump.
Although tensions between the FHFA and its OIG are high, the IG team continues to crank out examinations and audits, including four released this week.