Pulte reassures that their mortgage underwriting is secure and criticizes concerns about Fannie Mae and Freddie Mac's liquidity, while also addressing political allegations related to mortgage fraud referrals against various politicians.
Bill Pulte proposed a 50-year mortgage plan that was widely criticized by experts and the White House, with many believing it shows a lack of understanding of mortgage markets; the administration is exploring various solutions to address housing affordability and market issues.
A heated confrontation at a private dinner revealed a violent feud between Treasury Secretary Scott Bessent and Federal Housing Finance Agency Director Bill Pulte, involving threats and profanity, amid ongoing disputes over government financial initiatives.
Fannie Mae Chairman Bill Pulte sharply criticized Fed Chair Jerome Powell for holding interest rates steady, blaming this policy for exacerbating the housing supply crisis and urging Powell to resign, amidst ongoing economic slowdown and rising mortgage rates.