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Fannie CEO's Dating Prompts Call to Consider His Firing

  • Probe into relationship spurs inspector general recommendation
  • Chaffetz discloses watchdog’s findings in letter to Mel Watt
Timothy J. Mayopoulos, president and chief executive officer of Fannie Mae, speaks during an interview in Washington on Jan. 8, 2013.

Timothy J. Mayopoulos, president and chief executive officer of Fannie Mae, speaks during an interview in Washington on Jan. 8, 2013.

Photographer: Rich Clement/Bloomberg
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The inspector general of the Federal Housing Finance Agency said the regulator should consider firing Fannie Mae Chief Executive Officer Timothy J. Mayopoulos for not properly disclosing he was dating a senior executive at a bank that does business with the mortgage-finance giant. 

The recommendation was outlined in a letter that Representative Jason Chaffetz, the chairman of the House Oversight Committee, sent Wednesday to FHFA Director Mel Watt, who leads Fannie’s regulator. Chaffetz questioned whether Watt planned to discipline Mayopoulos, as was advised by the FHFA’s watchdog, the letter shows.