Fannie Mae guts ethics and internal investigations unit: WSJ report

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

Fed Governor Lisa Cook can keep her job pending court appeal

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

Trump’s interest sends shares in Fannie Mae, Freddie Mac soaring

President says he’s giving “very serious consideration” to bringing companies public, and investors are hoping that whatever plan emerges will generate a windfall for them. Continue reading

Fannie, Freddie regulator issues dozens of orders out of public eye

FHFA Director Bill Pulte tells ‘crypto influencer’ he’s signed more than 80 orders revamping policies and procedures at the mortgage giants, only 12 of which have been made public. Continue reading

Democrats question legality of Fannie, Freddie board purges

Less than four days after being confirmed as head of the mortgage giants’ federal regulator, housing scion Bill Pulte fired 14 board members and made himself the chair of both companies. Continue reading

Pulte chair of Fannie, Freddie after 14 board members are purged

Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion launches campaign focused on making homebuying more affordable by cutting alleged wasteful spending at the mortgage giants. Continue reading