Bill Pulte leads the Federal Housing Finance Agency. He moved to cut the agency’s inspector general office this week. The office watches for waste, fraud, and abuse.
The inspector general operates independently. It reports to Congress and the public. Pulte’s plan would shrink its staff and budget.
Pulte has targeted critics of former President Donald Trump. He previously pushed out officials he viewed as disloyal. The watchdog office had opened reviews of his actions.
Democrats condemned the move. Several lawmakers called for Pulte’s resignation. They said the cut protects him from oversight.
The agency oversees Fannie Mae and Freddie Mac. These government-backed companies hold trillions in mortgage debt. Their stability affects home loans nationwide.
Inspectors general cannot be fired at will. Federal law requires Congress receive 30 days’ notice. Pulte’s proposal may face legal challenges.
Watchdog groups warned of reduced accountability. Fewer investigators mean fewer audits and slower probes. Mortgage fraud cases could go unchecked.
The White House has not commented publicly. Pulte’s office did not respond to requests. The plan’s timing remains unclear.
