News & Analysis as of

Office of the Inspector General Freddie Mac

Orrick, Herrington & Sutcliffe LLP

Senators request investigation into FHFA board overhaul and workforce reductions

On April 15, ten U.S. Senators sent a letter addressed to Mr. Brian M. Tomney, Inspector General of the FHFA, requesting that the FHFA OIG review recent actions taken by FHFA leadership to overhaul the boards at Fannie Mae...more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, May 27, 2022

Paul Hastings LLP on

Congress- U.S. House of Representatives- Committee on Financial Services- Hearing: Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency-...more

Bilzin Sumberg

OIG Urges FHFA To Sue Over Force-Placed Insurance

Bilzin Sumberg on

The Office of Inspector General (“OIG”) for the Federal Housing Finance Agency (“FHFA”) is urging the FHFA to sue its servicers and lender-placed insurance (“LPI”) providers because Fannie Mae and Freddie Mac have suffered...more

Bilzin Sumberg

FHFA Says Fannie and Freddie Still Take on Risky Mortgages

Bilzin Sumberg on

Fannie Mae and Freddie Mac have continued to spend billions of dollars on questionable mortgage loans despite previous alerts to potential issues with their appraisals, the Federal Housing Finance Agency’s Office of Inspector...more

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