FHFA accused of obstructing internal watchdog oversight

A report from the Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) alleges that the agency, led by Trump appointee Bill Pulte, obstructed congressionally mandated reviews. The OIG claims the agency interfered with its independence and blocked oversight of mortgage giants Fannie Mae and Freddie Mac, describing the obstruction as “unprecedented.”

The report states the FHFA refused to provide records and information during at least three separate evaluations, including a review of a lender involved in multifamily loan defaults in June 2024. These findings come amid broader efforts by the Trump administration to weaken the role of government inspectors general.

A spokesperson for the FHFA denied the allegations, calling them incorrect. The agency stated it has cooperated by completing 56 document requests and attending 16 meetings related to recent reviews, maintaining that it respects the independence of the OIG.