Pulte has initiated cuts at the FHFA, targeting key divisions like the Division of Public Interest Examination and the Research and Statistics Division. These closures may jeopardize crucial research related to the U.S. mortgage market and fair lending laws, significantly impacting the agency's ability to fulfill its statutory requirements. Employees from the closed divisions are being reassigned, but many are concerned about the implications for ongoing research efforts mandated by Congress, particularly regarding issues like interest rate disparities and affordable housing.
Pulte is reshaping the FHFA by cutting staff and closing divisions, which may undermine vital research into fair lending and mortgage market compliance.
The closure of the Division of Public Interest Examination and Research and Statistics may jeopardize essential research regarding mortgage markets and fair lending compliance.
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