FHFA director Bill Pulte slashes inspector general budget, forcing 80% staff cuts
The Federal Housing Finance Agency's inspector general office warned that last-minute budget cuts imposed by FHFA Director Bill Pulte will force the office to slash staff by up to 80% and discontinue its mortgage fraud watchdog operations. The internal watchdog told lawmakers it will not be able to perform its job of policing misconduct after the housing regulator cut its budget.
