WASHINGTON, Oct. 1 -- Sen. Catherine Cortez Masto issued the following press release:
Washington, D.C. -U.S. Senator Catherine Cortez Masto (D-Nev.) pushed back against the unprecedented step taken by Federal Housing Finance Agency (FHFA) head Bill Pulte to defund the agency's Office of the Inspector General (FHFA-OIG). The proposed 60 percent funding cut is a significant break from previous funding levels and comes as Pulte is under increased scrutiny for hisabuses of power. Acting Principal Deputy Inspector General James Hodge has come out against these cuts, which would make it harder for FHFA-OIG to investigate waste, fraud, and abuse throughout the agency, including at Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
"Bill P...