"Following the investigations, about a dozen members of Fannie Mae's ethics and internal investigations unit were fired, WSJ reported. Suzanne Libby, Fannie Mae's chief ethics officer, was removed, and Danielle McCoy, who served as general counsel, resigned under pressure. The FHFA's acting inspector general, Joe Allen, who forwarded the report to prosecutors, was also asked to step down last week."
"Neither the FHFA nor Fannie Mae immediately responded to HousingWires request for comment. Pulte has cited diversity, equity and inclusion (DEI) initiatives as a reason for layoffs at the government-sponsored enterprises. And he has issued referrals to the Department of Justice (DOJ) regarding allegations of mortgage fraud, including against California Sen. Adam Schiff and Federal Reserve Governor Lisa Cook. Neither has been charged. Pulte has denied political weaponization when asked about the sources of mortgage fraud tips and the allegations."
A probe into alleged mortgage fraud was referred to the FHFA Office of Inspector General and the report was sent to the U.S. attorney's office in eastern Virginia, which filed a criminal case accusing James; James denied wrongdoing and pleaded not guilty. About a dozen members of Fannie Mae's ethics and internal investigations unit were fired. Suzanne Libby was removed and Danielle McCoy resigned under pressure. FHFA acting inspector general Joe Allen, who forwarded the report to prosecutors, was asked to step down. Pulte cited DEI initiatives for layoffs, issued DOJ referrals involving public figures, and denied political weaponization while insisting fraud must be prosecuted.
Read at www.housingwire.com
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