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
In her first public speech since President Trump’s attempt to remove her, the economist says she expects a 'one-time increase' in prices, with inflation trending back toward the 2% target
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
Equitable housing and climate change risk are out, deregulation and combating fraud are in. The strategic plan sheds little light on president's bid to spur homebuilders into action.
James calls allegations over $109,600 mortgage baseless retribution and a 'continuation of the president’s desperate weaponization of our justice system'
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
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
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
Trump's move to fire Cook likely violated her right to due process, and 'for cause' provision for removal is limited to behavior in office, judge rules in granting preliminary injunction
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
Hundreds of economists say Trump's move to fire Cook 'threatens the fundamental principle of central bank independence and undermines trust in one of America’s most important institutions'
A judge gave attorneys for the Fed governor until Sept. 2 to bolster their argument that she should keep her job, as Bill Pulte leveled new allegations of misrepresentation on a third property
If bond market investors get cold feet about buying government debt and mortgage-backed securities, that could push long-term interest rates higher, even if the Fed cuts short-term rates
The lawsuit alleges that a move to terminate Lisa Cook would violate the Federal Reserve Act, which requires 'cause' for a governor's removal, and gives Cook the right to notice and a hearing
Trump has attempted to remove Lisa Cook from the rate-setting board over allegations made by the head of FHFA. Cook has denied wrongdoing and said she would continue serving on the board