Mr. Chairman, I ask that this letter be entered into the record without objection. Thank you. Here are just a few key takeaways from the letter. Quote, We will be forced to reduce staffing by approximately 70 to 80% in FY 2027, which will result in the discontinuance of essentially all criminal investigations conducted by our Office of Investigations. Funding at the $20 million level will eliminate our capacity to effectively conduct criminal investigation of mortgage, bank and other fraud schemes involving the entities FHFA regulates. (11:21–11:41)
STATEMENT
Asserts that staffing cuts will lead to the discontinuance of criminal investigations by the FHFA's Office of Investigations.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
