Regulation and Compliance

FHFA OIG Completes Report on Watt Misconduct Charges

Dec 03, 2018
The Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) completed its report on charges of sexual harassment leveled against Mel Watt, the agency’s Director

The Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) completed its report on charges of sexual harassment leveled against Mel Watt, the agency’s Director.
 
Watt has been accused of sexual harassment by Simone Grimes, a special adviser at the agency who presented audio recordings to back her claims. Grimes presented her charges before the House Finance Committee in September, at the same time that the Senate Judiciary Committee was hearing charges of alleged sexual misconduct by Supreme Court nominee Brett Kavanaugh. But unlike the Kavanaugh hearing, the case involving Watt has received little mainstream media coverage and even less condemnation from congressional legislators.
 
The OIG report was issued to the White House, the Office of Government Ethics and congressional oversight committees responsible for monitoring the FHFA. However, the report was not issued to the public, nor has the OIG announced any plans to declassify its findings. Whistleblower Aid, a law firm seeking to have Watt removed from office prior to the Jan. 6 expiration of his term, brought forth the information of the finished report’s existence.
 
About the author
Phil Hall
Link copied
Published
Dec 03, 2018
Get the NMP Daily
People On The Move
Ginnie Mae President Alanna McCargo Announces Resignation

McCargo was first woman and first woman of color at the helm of Ginnie Mae.

The U.S. Department of Housing and Urban Development (HUD) today announced that Alanna McCargo, president of the Government National Mortgage Association (Ginnie Mae), will resign, effective May 3, 2024. McCargo has served in the Biden-Harris Administration since January ...

Continue reading
People On The Move
Christensen, Andrus Added At CE Class Leader

Maximum Acceleration hires mortgage exec. as education director, adds banking manager

Brandon Christensen, a longtime mortgage broker and trainer, has been named Director of Education and National Instructor for Maximum Acceleration LLC, a leading NMLS-approved course provider for mortgage pre-license and continuing education. "Having Brandon join our amaz...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Regulation and Compliance
In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.

Regulation and Compliance
Apr 11, 2024
A California CRA Law Undercuts Itself

Who pays when compliance costs increase? Borrowers.

Regulation and Compliance
Apr 11, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

Regulation and Compliance
Apr 10, 2024
Fannie Mae Weeds Out "Prohibited or Subjective" Appraisal Language

The overall occurrence rate for these violations has gone down, Fannie Mae reports.

Regulation and Compliance
Apr 10, 2024
Arizona Bans NTRAPS, Following Other States

ALTA on a war path to ban the "predatory practice of filing unfair real estate fee agreements in property records."

Regulation and Compliance
Apr 04, 2024
Kentucky Legislature Passes Bill Banning NTRAPS

The new law prohibits the recording of NTRAPS in property records, creates penalties if NTRAPS are recorded, and provides for the removal of NTRAPS currently in place.

Regulation and Compliance
Apr 03, 2024