After months of investigating Trump critics over allegations of mortgage fraud, FHFA Director Bill Pulte increasingly finds himself the target of investigations into possible episodes of misconduct and the misuse of power.
Industry observers note that, despite its bold pronouncements about a public offering for the GSEs, the Trump administration still has not addressed the key issues that make this a risky proposition.
The administration’s firing of FHFA’s acting inspector general comes on the heels of the departure of several GSE executives and news that most of the ethics and internal investigations team at Fannie have been laid off.
Fannie Mae Chief Operating Officer Peter Akwaboah will serve as acting CEO, pending a search for Priscilla Almodovar’s successor. EVPs Brandon Hamara and John Roscoe will serve as co-presidents.
The agency is appealing a jury verdict awarded to GSE shareholders for losses related to the net worth sweep. FHFA is also facing a lawsuit tied to an untimely response to a FOIA request.
Michael Hutchins agrees to extend term at Freddie; new general counsel at Freddie; senator seeks answers on FHLBank reform efforts; former FHFA chief operating officer loses appeal.