Items Tagged with 'Mel Watt'

ARTICLES

  • Politico: Watt accuser invited to speak at FHFA hearing

    Simone Grimes accused FHFA Director Mel Watt of sexual misconduct
    Simone Grimes, the Federal Housing Finance Agency employee who accused Director Mel Watt of sexual harassment, has been invited to testify at the House Financial Services Committee’s upcoming congressional hearing on oversight of the agency, according to a report by Politico. 
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  • FHFA employee files lawsuit against agency for $1 million

    Claims pay discrimination after unwanted sexual advances
    Monday, the FHFA employee who claims she was sexually harassed by FHFA Director Mel Watt filed a lawsuit against the agency for $1 million. In the lawsuit, FHFA employee Simone Grimes claims the agency paid her less than the man who held her position before her because she refused sexual advances from Watt.
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  • FHFA watchdog faces investigation for misconduct

    Accused of disparaging employees, attempting to intimidate witnesses
    The top watchdog for the FHFA is facing investigation for misconduct after accusations surfaced that she purposefully weakened her office’s oversight. But her conduct surrounding her oversight of the government-sponsored enterprises isn’t the only thing being called into question – her interactions with employees are also under investigation.
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  • Monday Morning Cup of Coffee: Reuters publishes hit piece on Invitation Homes

    Plus a $1 billion listing, dwindling numbers of homeowners in the City of Angels and more
    Alright, alright, alright. It’s that time again. Monday is upon us and we’re serving up another round of Monday Morning Cup of Coffee. There’s drama in the single-family rental market after Reuters dropped a bombshell report on the largest single-family home landlord in the nation, Invitation Homes, detailing numerous allegations of neglect and sketchy business practices.
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  • Politico: FHFA Director Mel Watt under investigation for alleged sexual misconduct

    Watt claims leak of investigation documents is politically motivated
    Friday, news broke that Federal Housing Finance Agency Director Mel Watt is under investigation for alleged sexual misconduct. According to an article from Politico, Watt is being accused by an FHFA staffer of repeatedly making inappropriate sexual advances when she tried to discuss career and salary concerns.
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  • VantageScore: Director Watt, don’t waste this opportunity

    Mel Watt, the director of the FHFA, has a decision to make
    [Expert Commentary] As regulator and conservator of the GSEs, Mel Watt, the director of the FHFA, has a decision to make. He could open the GSEs’ credit score requirements to include other credit scoring models– broadening access to mainstream mortgage financing without lowering standards and in the process eliminating the scoring monopoly created by the GSEs.
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  • Hensarling blames Watt for GSEs needing Treasury money, demands answers

    Criticizes Watt for ordering Fannie, Freddie to contribute to Housing Trust Fund
    One of the top Republicans in Congress lays the blame for Fannie Mae and Freddie Mac needing money from the government for the first time since 2012 not on the Republican tax plan’s reduction of the corporate tax rate, but rather, squarely at the feet of Federal Housing Finance Agency Director Mel Watt.
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  • GSE reform in 2018? Mortgage finance positions of power in Washington up for grabs

    The changing of the guard
    [Commentary] There’s a perfect storm going on in Washington D.C right now. Just as talks over housing finance reform start to move from a laughing matter to a serious topic of discussion, some of the biggest positions of power on Capitol Hill just opened up. Or, they’re about to be up for grabs. Here’s a quick pulse on all the changes.
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