All posts tagged "Fannie Mae"

Reactions started rolling in Tuesday after a Wall Street Journal report revealed that Bill Pulte, the director of President Donald Trump's Federal Housing Finance Agency, was under investigation by ethics watchdogs shortly before the ethics office overseeing the agency was purged.

Pulte oversees the U.S. mortgage market and also runs Fannie Mae and its brother firm Freddie Mac. He has taken over both the company boards and made himself the chairman of both organizations and most recently suggested a 50-year mortgage could make homes more affordable.

The Federal Housing Finance Agency watchdog role was removed earlier this month and the ethics office for Fannie Mae "had received internal complaints alleging senior officials had improperly directed staff to access ... mortgage documents" for officials who have criticized or legally fought Trump, including New York Attorney General Letitia James....

President Donald Trump's "unpredictable" attack dog and housing finance director, Bill Pulte, fired people at Fannie Mae who were investigating one of his close allies over several complaints.

Pulte announced via X that he had fired Fannie Mae employees over what he described as stopping DEI initiatives. However, six people with information about the ethics team investigating the Pulte supporter said that wasn't the case and "those firings effectively cleared out the company’s internal watchdogs, charged with ensuring Fannie and its officials follow the law," according to The Washington Post.

“DEI HAS PASSED AWAY AT FANNIE MAE,” Pulte wrote on X on Oct. 30. ...

President Donald Trump launched an apparently random attack Tuesday that he has "learned" some nefarious information about Sen. Adam Schiff (D-CA) that should lead to his prosecution.

Seemingly out of the blue, Trump posted on Truth Social, "I have always suspected Shifty Adam Schiff was a scam artist. And now I learn that Fannie Mae’s Financial Crimes Division have concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud."

In announcing the "possible mortgage fraud," Trump offered no proof to back up his claims. ...

Efforts to unravel housing subsidies that fuelled the financial crash reached a milestone on Tuesday as Barack Obama said the national housing recovery was now strong enough to begin dismantling federal mortgage giants Fannie Mae and Freddie Mac.

Repayment will boost Treasury coffers ahead of 18 May expiration of political deal over national debt limit