Smith’s expertise in financial services was cited as an asset as the Trump administration prepares to sell part of its ownership stake in Freddie Mac and Fannie Mae in a public offering. Continue reading
Christine Bish, a Realtor in California’s Sacramento Valley, sent a trove of documents to FHFA Director Bill Pulte. Now the DoJ, FBI and FHFA want to know who else she’s talked to. Continue reading
Swalwell warns Pulte “and any other lawless official who is carrying out these political prosecutions” that they will have to answer for their actions after the midterm elections. Continue reading
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
A dozen officials in Fannie Mae’s ethics and internal investigations unit were among 62 people fired on Thursday, “The Wall Street Journal” reports, citing anonymous sources. Continue reading
For the real estate and mortgage industries, it remains to be seen how the new course the Trump administration has set for Fannie and Freddie will impact homebuyers. Continue reading
Fannie Mae President and CEO Priscilla Almodovar has been replaced on an interim basis by Chief Operating Officer Peter Akwaboah. FHFA Director Bill Pulte fired Freddie Mac CEO Diana Reid in March after board shakeup. Continue reading
Dozens of fired employees, all U.S. citizens of Indian nationality, deny defrauding charitable giving program and seek $82 million from chair Bill Pulte and CEO Priscilla Almodovar. Continue reading
Omeed Malik, founder of investment bank Farvahar Partners and venture capital firm 1789 Capital, is a business partner and “close friend” of Donald Trump Jr. Continue reading
Fannie Mae has confirmed the dismissal of over 100 employees in connection with a fraud scheme aimed at its charitable matching program. Continue reading