Biden taps Phyllis Fong as FHFA watchdog
Housing Wire
JULY 31, 2021
The Biden administration on Friday named longtime regulator Phyllis Fong as the acting inspector general of the Federal Housing Finance Agency (FHFA) following the resignation of her predecessor, Laura Wertheimer, who was investigated for abusing her authority. Fong will be the senior official in the Office of Inspector General responsible for audits, investigation and other oversight of the FHFA, which regulates the government sponsored entities, Fannie Mae and Freddie Mac.
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