Federal Housing Finance Agency Director Bill Pulte is under investigation by the Government Accountability Office (GAO) for allegedly misusing his authority in making criminal referrals. Pulte had previously accused several prominent Democrats of mortgage fraud, including New York Attorney General Letitia James, Senator Adam Schiff, Federal Reserve Governor Lisa Cook, and Representative Eric Swalwell.
Key Takeaways
- FHFA Director Bill Pulte is being investigated by the GAO.
- The investigation stems from allegations of misusing authority in making criminal referrals.
- Pulte had previously accused several Democrats of mortgage fraud.
- Democrats have described Pulte’s referral methods as "bizarre," "unusual," and "unheard of."
Background of Accusations
Director Pulte had recently been making accusations of mortgage fraud against several high-profile Democratic figures. His targets included New York Attorney General Letitia James, Senator Adam Schiff of California, Federal Reserve Governor Lisa Cook, and Representative Eric Swalwell of California. These accusations were reportedly forwarded to the U.S. Department of Justice.
Democratic Response and GAO Investigation
Sources indicate that Democrats viewed Pulte’s methods for submitting these criminal referrals as highly irregular. Terms such as "bizarre," "unusual," and "unheard of" were used to describe his approach. In response to these concerns and the nature of the referrals, the Government Accountability Office has initiated an investigation into Director Pulte’s conduct and whether he overstepped his authority in the referral process.