Fannie Mae's ethics team, responsible for investigating potential misconduct within the organization, has been significantly weakened. According to a recent report, 62 employees were laid off last month, with about a dozen of those dismissed working in the ethics compliance office. The reason cited for these layoffs was anti-DEI measures allegedly used to justify the firings.
However, insiders suggest that these layoffs may have actually been an attempt to undermine the ethics team's investigation into whether Fannie Mae Director Bill Pulte improperly obtained mortgage records from New York Attorney General Letitia James and other Democratic officials. The investigation, led by Pulte, was sparked by complaints lodged via a staffer tip line, which enables whistleblowers to report potential internal misconduct.
The group's inquiry reportedly passed up the chain to the Office of Inspector General for FHFA, before being sent to the U.S. Attorney's office in eastern Virginia. However, just days later, sources claim that the acting inspector general received a termination notice from the compliance team.
This development has significant implications, given that the U.S. Attorney, Lindsey Halligan, recently indicted James Comey and Letitia James on allegations of lying to Congress and mortgage fraud, respectively. Both have pleaded not guilty. The investigation into Pulte's actions may now be compromised, with questions arising about the motivations behind the layoffs and the handling of the case by Halligan.
The controversy surrounding Pulte's actions raises concerns about accountability within Fannie Mae and the FHFA, highlighting the need for greater oversight and transparency in these institutions. As the investigation into Pulte's behavior continues to unfold, it remains to be seen whether justice will be served or if those responsible will escape scrutiny.
However, insiders suggest that these layoffs may have actually been an attempt to undermine the ethics team's investigation into whether Fannie Mae Director Bill Pulte improperly obtained mortgage records from New York Attorney General Letitia James and other Democratic officials. The investigation, led by Pulte, was sparked by complaints lodged via a staffer tip line, which enables whistleblowers to report potential internal misconduct.
The group's inquiry reportedly passed up the chain to the Office of Inspector General for FHFA, before being sent to the U.S. Attorney's office in eastern Virginia. However, just days later, sources claim that the acting inspector general received a termination notice from the compliance team.
This development has significant implications, given that the U.S. Attorney, Lindsey Halligan, recently indicted James Comey and Letitia James on allegations of lying to Congress and mortgage fraud, respectively. Both have pleaded not guilty. The investigation into Pulte's actions may now be compromised, with questions arising about the motivations behind the layoffs and the handling of the case by Halligan.
The controversy surrounding Pulte's actions raises concerns about accountability within Fannie Mae and the FHFA, highlighting the need for greater oversight and transparency in these institutions. As the investigation into Pulte's behavior continues to unfold, it remains to be seen whether justice will be served or if those responsible will escape scrutiny.
this is a major red flag for me, you know? Fannie Mae's ethics team getting dismantled like this raises serious questions about who's in charge and what they're trying to hide 
. I mean, we already have a U.S. Attorney investigating James Comey and Letitia James, so it's not like this is going down without scrutiny 
. But if the inspector general just got fired out of nowhere, that's some serious cover-up stuff 
. We need more transparency and accountability in our institutions, especially when it comes to issues like mortgage records and potential misconduct 
. It's time for some real oversight and investigation here 
!
I'm not surprised to hear that Fannie Mae's ethics team has been weakened, tbh... like, what's next? 
The whole thing just feels fishy to me - anti-DEI measures are often used as a smokescreen for real issues, and it seems like the layoffs were just an excuse to silence some whistleblowers. And now that Lindsey Halligan is investigating Bill Pulte, it's anyone's guess whether anything will actually come of it 
. I mean, we all know how these investigations usually play out... the truth comes out, or the people in power find a way to cover their tracks 
Fannie Mae's ethics team being gutted just to cover up some shady dealings with Bill Pulte is a major red flag. I mean, what's the deal with all these anti-DEI measures being used as an excuse for layoffs? It sounds like they're trying to silence whistleblowers and sweep things under the rug. 
The fact that this investigation was sent to the U.S. Attorney's office only to have it compromised by Pulte's team is just mind-boggling. We need real oversight here, not some cover-up job! 
this whole thing reeks of someone trying to cover their tracks, maybe even influence investigations? it's like, if you're going to take a whistleblower seriously, shouldn't you be supporting them not firing people in the compliance office? 
It's super suspicious. I'm all about transparency and accountability, so I'm keeping a close eye on this one 
. The whole thing smells fishy 
and I'm all for people speaking out and getting answers 
. We need to make sure our institutions are being held accountable and that justice is served, you know? 
It's time for some transparency and oversight 
. This whole thing reeks of a massive conflict of interest - I mean, have you seen the timeline of events? it's like Pulte was trying to cook the books from day one 
. And now that the investigation is being undermined, I'm guessing we'll never see justice served 
. It's just another case of powerful people getting away with whatever they want 
.
bill pulte is definitely in trouble 