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.

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

Investor Loans

Rated Deals Gain Ground In RTL Securitization Market

Rated transactions are projected to represent 73% of 2026 issuance and have priced substantially tighter than unrated deals, according to KBRA

Rated transactions are claiming a larger share of the residential transition loan securitization market, with investors generally accepting tighter spreads on rated deals than on their unrated counterparts, according to new research from KBRA.Residential transition loans, co...

Analysis and Data

Home Price Cuts Keep Purchase Market Moving

One in five listings had a price reduction in July, while pending sales increased for the eighth consecutive month

Seller price adjustments are helping keep the purchase market moving even though higher mortgage rates continue to strain affordability and the summer housing market is losing momentum.One in five active listings had a price reduction in July, while pending sales increased f...

Oct

Denver, CO

More from

Regulation and Compliance

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place

Regulation and Compliance

Jul 31, 2026

Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3

Regulation and Compliance

Jul 24, 2026

TRUE Releases AI Governance Guide Ahead Of Fannie Mae Deadline

Guide focuses on tracing mortgage data from borrower documents through AI validation, human review, and final LOS entry

Regulation and Compliance

Jul 22, 2026

AD Mortgage Warns Condo Eligibility Changes Could Restrict Conventional Financing

Wholesale lender cites internal loan data to urge regulators to monitor whether new condominium eligibility standards reduce access to conventional financing

Regulation and Compliance

Jul 20, 2026

CHLA Says Direct Payments Are Key To Small FHA Loans

The lender group says mortgages below $100,000 routinely lose money, while LO compensation rules could prevent federal incentives from reaching originators

Regulation and Compliance

Jul 17, 2026

Solidifi Clears FHA Certification For UAD 3.6 Integration

The appraisal management company says it is the first to complete certification for FHA’s modernized EAD platform, giving lender clients an early path toward implementation

Regulation and Compliance

Jul 16, 2026

Popular