US EditionPublished • loading... • Updated
Pulte and other Trump loyalists at mortgage regulator clash with Fannie and Freddie staffers
Director Bill Pulte has replaced FHFA, Fannie Mae, and Freddie Mac staff with loyalists and pursued controversial policies like 50-year mortgages and crypto asset inclusion.
- On Dec 19, Bill Pulte, Federal Housing Finance Agency director and chair of Fannie Mae and Freddie Mac, began cleaning house, driving out 500 employees and removing 14 directors.
- Political ties explain some appointments, for example Pulte supplanted veterans with advisers linked to 1789 Capital and Trump Jr, with declared assets worth at least $190 million.
- He seized control of Fannie Mae's X account and used it plus his personal profile to promote the crypto order and the 50-year idea, forcing Fannie and Freddie to scramble.
- The Government Accountability Office this month opened a probe at Democratic senators' request, while Maryland prosecutors recently reviewed Pulte's conduct and the FHFA IG examined his self-appointment.
- Because Fannie and Freddie back most mortgages, cuts to DEI and ethics staff risk undercutting the enterprises' credibility and could harm the housing market and economy.
Insights by Ground AI
7 Articles
7 Articles
Coverage Details
Total News Sources7
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
To view factuality data please Upgrade to Premium
