Overview
- The Government Accountability Office confirmed it accepted a request to investigate Bill Pulte’s conduct at the Federal Housing Finance Agency and will set scope and methodology before work proceeds, with no completion date set.
- A GAO letter to eight Senate Democrats, including Elizabeth Warren and Dick Durbin, said the office anticipates staff availability to begin an engagement in about four months and will coordinate with the FHFA inspector general to avoid duplicating efforts.
- The review stems from Pulte’s referrals of New York Attorney General Letitia James, Sen. Adam Schiff, Fed Governor Lisa Cook and Rep. Eric Swalwell to the Justice Department for alleged mortgage fraud, which all have denied.
- A federal judge dismissed charges tied to the James referral last month, and reporting says federal prosecutors and a grand jury are scrutinizing aspects of Pulte’s conduct related to the Schiff matter in Maryland.
- Senators cited concerns over possible misuse of government resources and privileged mortgage data, while the White House defended Pulte as a key adviser; reporting has also detailed internal personnel changes at FHFA and Fannie Mae linked to the controversy.