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Federal National Mortgage Association Message Board

  • dcrete11 dcrete11 May 6, 2014 6:34 PM Flag

    FHFA Official Faces Felony Charge

    FHFA Official Faces Felony Charge

    Federal Housing Finance Agency COO Charged With Threatening Former Director

    --------------------------------

    Can someone with a WSJ subscription do a c/p of the pertinent details of this?

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    • It seems DeMarco hired Hornsby to do the dirty work for winding down F&F (e.g., to cook the books to hide F&F profits) and Hornsby did not comply with the order and got got a bad performance evaluation. When Hornsby found himself on the side of truth on huge F&F profits, he got angry. Hornsby should have rather told what he was ordered to do and why he did not comply; maybe he will do so in court. This is plausible is Hornsby is a honest finance officer, as DeMarco is not.

    • FHFA Official Faces Felony Charge
      Federal Housing Finance Agency COO Charged With Threatening Former Director

      The chief operating officer of the Federal Housing Finance Agency faces a felony charge after he allegedly threatened the agency's former acting director at the agency's headquarters last week.

      WASHINGTON—The chief operating officer of the Federal Housing Finance Agency faces a felony charge after he allegedly threatened the agency’s former acting director at its headquarters last week, according to a police report and court records.

      Richard Hornsby, the agency’s chief operating officer, was charged last Wednesday with one felony count of threatening to kidnap or injure a person, according to court records. He was ordered to stay away from the FHFA and from former FHFA acting director Edward DeMarco, who retired from the agency last week, according to court records.

      The FHFA is the regulator of mortgage companies Fannie Mae and Freddie Mac.

      Mr. Hornsby didn’t respond to requests for comment, including messages left on a cellphone and a visit to his apartment. A woman who answered the phone at a California number associated with his name hung up when informed the caller was from The Wall Street Journal.

      Mr. DeMarco declined to comment on Tuesday. An FHFA spokeswoman said the agency wouldn’t comment on personnel matters.

      Mr. Hornsby allegedly threatened to shoot Mr. DeMarco after making “increasing threatening comments” about him over the course of several weeks, according to court records and Metropolitan Police Department report.

      FHFA officials notified the agency’s inspector general about the threats on April 28, after an incident in which Mr. DeMarco was “escorted to a secure location following a report of a threat,” according to the court complaint used to secure the warrant for Hornsby. An FHFA employee, who wasn’t named in the report filed in court, said Mr. Hornsby had threatened to harm Mr. DeMarco and to kill himself.

 
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