FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading
In her first public speech since President Trump’s attempt to remove her, the economist said she expects a “one-time increase” in prices, with inflation trending back down toward the 2 percent target once “the effects are behind us.” Continue reading
James’ attorneys will argue that she is a victim of vindictive prosecution and that Lindsey Halligan, the lone U.S. attorney who signed her indictment, was appointed illegally. Continue reading
Equitable housing and climate change risk are out, deregulation and combating fraud are in. The plan sheds little light on Trump administration’s bid to spur homebuilders into expanding housing supply. Continue reading
James calls allegations over $109,600 mortgage baseless retribution, and a “continuation of the president’s desperate weaponization of our justice system.” Continue reading
The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say. Continue reading
The legal battle over the Fed’s independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration’s bid to fire Cook. Continue reading
Lower courts have ruled Cook can continue to serve on the central bank’s board while she challenges the Trump adminstration’s move to fire her over unproven mortgage allegations. Continue reading
Trump’s move to fire Cook likely violated her right to due process, and “for cause” provision for removal is limited to governor’s behavior in office, judge rules in granting preliminary injunction. Continue reading
Cook’s attorneys say she did not commit mortgage fraud, and is being targeted by the Trump administration to undermine the Federal Reserve’s independence. Continue reading