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FHFA pushes for direct power to sue for mortgage fraud
The Federal Housing Finance Agency (FHFA) and Director Bill Pulte are asking Congress for the power to bring civil lawsuits against individuals suspected of mortgage fraud.
The Federal Housing Finance Agency (FHFA) and Director Bill Pulte are asking Congress for the power to bring civil lawsuits against individuals suspected of Alternatively, the FHFA suggested Congress could create a new federal law against mortgage fraud that the agency could enforce in federal court. This would explicitly mirror the Securities and Exchange Commission (Last year, the FHFA also announced a According to the agency, the Government Accountability Office (GAO), the Financial Stability Oversight Council (FSOC), and the FHFA’s own Inspector General have all identified this lack of oversight as a top risk and recommended that Congress close the gap.
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Originally published by Flávia Furlan Nunes
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