WASHINGTON—Mel Watt, the former regulator for Fannie Mae and Freddie Mac, misused his position by attempting to “coerce or induce” a female employee into a relationship, according to an internal watchdog’s report. At issue was Mr. Watt’s treatment of Simone Grimes, an employee at the Federal Housing Finance Agency who sought a promotion to an executive position at the agency, according to the report issued Friday by the FHFA’s inspector general. Meeting with Ms. Grimes alone in his Washington apartment, Mr. Watt suggested...

Source: Wall Street Journal February 16, 2019 13:49 UTC