About Us > Inspector General

Michael Stephens

Michael P. Stephens, Principal Deputy Inspector General and Acting Inspector General

Michael P. Stephens serves as the Acting Inspector General for the Federal Housing Finance Agency Office of Inspector General; he is also the Principal Deputy Inspector General, a position he assumed in September 2011.  As the Acting Inspector General, he is the senior official responsible for audits, evaluations, investigations, and other law enforcement activities relating to the programs and operations of the Federal Housing Finance Agency, which oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.  The Office of Inspector General is an independent organization dedicated to combating fraud, waste, and abuse and promoting economy, efficiency, and effectiveness in all Federal Housing Finance Agency activities.  Mr. Stephens also leads the Office of Inspector General section of the Residential Mortgage-Backed Securities Working Group supporting the overall effort by the Department of Justice.

Mr. Stephens has spent 41 years in public service and has extensive experience in law enforcement and the management of Inspector General Programs.  Prior to joining the Federal Housing Finance Agency Office of Inspector General, Mr. Stephens served as Acting Inspector General and Deputy Inspector General for the U.S. Department of Housing and Urban Development.  Additionally, he was a senior criminal investigator for the Office of Inspector General for the Resolution Trust Corporation during the savings and loan crisis and Deputy Assistant Inspector General for Investigations for the Department of Veterans Affairs. 

Prior to his work in the Inspector General community, Mr. Stephens served as a Special Agent with the United States Secret Service for twenty years, where he held the distinction of assignment to the Presidential Protection Division at the White House, along with various supervisory positions within the agency. 

In addition, Mr. Stephens served as the Chief of Security for the Treasury Department’s Bureau of Engraving and Printing and as Vice President for Corporate Security at a defense contractor.

As a long time public servant, Mr. Stephens has received numerous awards, including the Secretary of Treasury Award for Investigative Excellence on a Serial Murder Investigation and the Senior Executive Service Meritorious Executive Presidential Rank Award.

Mr. Stephens is a member of the International Association of Chiefs of Police, the Association of Former Agents of the United States Secret Service, and the International Association of Financial Crimes Investigators, where he also served as a board member.

Mr. Stephens is from St. Louis, Missouri, and graduated from Olivet College in Olivet, Michigan, with degrees in biology and English literature.  He is married to Linda Stephens and has three daughters and five grandchildren.