FHFA pushes for direct power to sue for mortgage fraud
The Federal Housing Finance Agency (FHFA) and Director Bill Pulte are asking Congress for the power to bring civil lawsuits against individuals suspected of mortgage fraud.
Bill Pulte
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Bill Pulte targets Letitia James with new criminal referrals
FHFA Director Bill Pulte filed DOJ referrals alleging insurance fraud by New York AG Letitia James involving Florida and Illinois properties.
FHFA eyes assumable and portable mortgages, raising questions for lenders
Bill Pulte said this week that the Federal Housing Finance Agency (FHFA) may allow Fannie Mae and Freddie Mac to offer assumable or portable mortgages.
What real estate agents need to know about the 50-year mortgage
Extending terms to 50 years does lower monthly payments — but it also substantially increases total interest paid and slows equity growth.
WSJ: Fannie Mae officials fired amid mortgage fraud probe
Fannie Mae’s ethics team faced dismissals after investigating FHFA Director Bill Pulte’s alleged improper access to officials’ mortgage records.
FHFA inspector general role vacant after reported ouster of Joe Allen
The inspector general position at the Federal Housing Finance Agency (FHFA) is currently vacant after the reported ouster of Joe Allen.
Fannie Mae names new head of single family and acting general counsel
Fannie Mae has promoted Jake Williamson and Tom Klein to lead its single-family business and general counsel’s office, respectively.
Fannie Mae names Peter Akwaboah as acting CEO
Fannie Mae appoints Peter Akwaboah as acting CEO, marking a significant leadership change as current CEO Priscilla Almodovar departs.
New York AG Letitia James indicted on mortgage fraud charge
An anonymous source says James was indicted in the Eastern District of Virginia on one count after a mortgage fraud investigation.
Lisa Cook loan docs listing ‘vacation home’ seem to undermine mortgage fraud claims
The loan estimate for an Atlanta condo Cook bought in 2021 shows that Cook declared the property a “vacation home,” not a primary residence.