FHFA OIG Completes Report on Watt Misconduct Charges – NMP Skip to main content

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
Published
Dec 03, 2018
UAD 3.6 Deadline Nears; First American Earns Verification

First American's ACI Sky Workbench gains verification ahead of the Nov. 2 implementation date for the GSEs' updated appraisal reporting requirements

MISMO Introduces New Loan Boarding Standard

Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan

The GLBA Compliance Gap Your AI Deployment Just Opened

Old statutes, new models, and the vendor contract you signed before machine learning became operational

FHA Keeps Tri-Merge Credit Reports While Expanding Approved Scoring Models

HUD says FHA lenders will continue using three-bureau credit reports even as the agency adopts newer scoring models aimed at increasing competition and modernizing mortgage underwriting

House Passes Amended 21st Century Road To Housing Act

The House version softens a controversial provision aimed at large institutional investors

New York Cash-Home Tax Proposal Could Push Wealthy Buyers Back Into Mortgages

As all-cash deals surge nationwide, a proposed 1% levy on $1M+ purchases in NY may reshape jumbo lending, borrower strategy, and origination opportunities