There's nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie's regulator
FHFA acting Inspector General John "Joe" Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering
by Matt Carter Nov 5
Fannie Mae guts ethics and internal investigations unit: WSJ report
A dozen officials in Fannie Mae's ethics and internal investigations unit were among 62 people fired on Thursday, 'The Wall Street Journal' reports, citing anonymous sources
by Matt Carter Oct 31
Letitia James pleads not guilty, seeks dismissal of fraud case
James' attorneys will argue that she is a victim of vindictive prosecution and that Lindsey Halligan, the lone U.S. attorney who signed her indictment, was appointed illegally
by Matt Carter Oct 24
Feds bust developers
Real estate developers Cody Holmes and Steven Taylor have been accused of defrauding a program that funds affordable housing projects and are now facing decades in federal prison
by Marian McPherson Oct 17
Feds charge Trump nemesis Letitia James with bank fraud
James calls allegations over $109,600 mortgage baseless retribution and a 'continuation of the president’s desperate weaponization of our justice system'
by Matt Carter Oct 9
Fannie, Freddie close NY offices as Trump battles Letitia James
The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say
by Matt Carter Oct 6
Federal Reserve Governor Lisa Cook speaks with Fed Chair Jerome Powell at a June 25, 2025 open meeting at the Federal Reserve Board building in Washington, D.C.
The legal battle over the Fed's independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration's bid to fire Cook
by Matt Carter Oct 1
An image of the Compass CEO Robert Reffkin and the Anywhere CEO Ryan Schneider in front of a wall of question marks to symbolize this Compass-Anywhere merger FAQ.
What does the Compass-Anywhere deal mean for private listings? For NAR? For agents in the trenches? We've got the answers
by Christy Murdock Oct 1
MLS PIN wins final settlement approval in Nosalek case
A judge had previously granted preliminary approval of the $3.95M settlement, which removed the option to display offers of compensation to buyer brokers on the MLS
by Taylor Anderson Sep 29
Here's the essential reading on the Compass-Anywhere deal
Lock in with Inman’s ongoing coverage of the Compass-Anywhere merger — from deal details to what it means for the future of real estate. And be sure to check back often for updates
by Christy Murdock Sep 26
Judge gavel with justice lawyers to represent appraisal bias lawsuit
The FTC and Department of Justice are expected to scrutinize the impacts of the deal — which would give the merged companies a combined market share of 18 percent
by Matt Carter Sep 22
Trump asks Supreme Court to remove Fed Governor Lisa Cook
Lower courts have ruled Cook can continue to serve on the central bank's board while she challenges the Trump administration's move to fire her over unproven mortgage allegations
by Matt Carter Sep 18
Judge gavel with justice lawyers to represent appraisal bias lawsuit
Judge rules that appraisal independence regulations do not preclude lenders and appraisal management companies from taking action to remedy biased appraisals
by Matt Carter Sep 15
Compass hires former NAR lead attorney as it doubles down on legal battles
Ethan Glass previously worked at the DOJ, and served as lead outside counsel for the National Association of Realtors throughout the trial in the Sitzer | Burnett homeseller commission lawsuit
by Taylor Anderson Sep 9
U.S. Pardon Attorney Ed Martin, who is heading up the Trump administration's investigations of alleged mortgage fraud by political opponents, at a May 13 press conference.
Cook's attorneys say she did not commit mortgage fraud and is being targeted by the Trump administration to undermine the Federal Reserve's independence
by Matt Carter Sep 4