Neither Fannie or FHFA provided details about which employees were implicated in unethical activities or what evidence there was of potentially criminal behavior.

“We’re consolidating divisions to focus on building more homes and strengthening safety and soundness,” said FHFA Director Bill Pulte.

Calls to HUD field offices redirected to a national hotline. A HUD spokesperson said there were no closures.

Meanwhile, investors aren’t necessarily fleeing into the safety of the government bond market.

A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.

Terminated federal probationary employees will soon be offered their jobs back if they live or work in Washington, DC or one of the 19 states that sued the Trump administration.

After Rohit Chopra was forced out, the CFPB saw two new leaders in less than one week.

The lawsuit covers the Consumer Financial Protection Bureau and the Department of Housing and Urban Development, among other agencies.

Freddie President Michael Hutchins will step in as interim CEO.

Lawrence Yun, chief economist at NAR, said “the momentum for home sales is flashing encouraging signs.”