FHFA Director Bill Pulte Cuts Watchdog Budget by 80%
Federal Housing Finance Agency Director Bill Pulte announced budget cuts that will reduce the agency watchdog's staff by 80% and terminate most criminal probes.
Bill Pulte, Director of the Federal Housing Finance Agency, announced dramatic budget cuts on Wednesday that will force the agency's internal watchdog to reduce its staff by up to 80%.
The acting inspector general for the FHFA informed congressional overseers in a letter that these reductions will result in the termination of most ongoing criminal probes. The acting inspector general alleged that Pulte is using the regulator to target perceived adversaries of President Donald Trump through mortgage fraud allegations.
According to the acting inspector general, these budget actions are part of a broader effort to push out top mortgage-fraud enforcers within the agency.
