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Fhfa

All articles tagged with #fhfa

politics7 days ago•5 min saved

FHFA Director Pulte Slashes Inspector General Budget by 60% Amid Ongoing Probes

Federal Housing Finance Agency Director Bill Pulte has moved to cut the budget of the agency’s Office of Inspector General by 61.3% for fiscal 2027, a move that would force the office to reduce staff by 70-80% and halt nearly all criminal investigations. The cuts follow an internal probe into Pulte’s alleged misuse of authority to access mortgage records of political opponents. While Pulte argues the office is an 'extraordinary budgetary outlier,' Democrats and oversight experts condemn the move as retaliation that undermines fraud enforcement across the $7.8 trillion housing market.

via Talking Points Memo|

#bill-pulte #budget-cuts #fhfa

business24 days ago•6 min saved

Mortgage underwriting expands to include VantageScore 4.0 alongside FICO

Fannie Mae and Freddie Mac will allow VantageScore 4.0 to be used alongside classic FICO in mortgage underwriting, potentially helping borrowers with thin credit histories by incorporating rent and other data. FHA will insure loans underwritten with VantageScore 4.0 and FICO 10T starting Jan 1, and FHFA is weighing reducing credit reports to two or even a single report, though lenders currently rely on tri-merge; experts say alternative data could improve eligibility and pricing, while rent-reporting remains uneven.

via cnbc.com|

#business #credit-score #fhfa

finance1 month ago•20 min saved

FHFA Push on VantageScore Triggers FICO Slide and Looming Credit-Bureau Shakeup

Bill Pulte, head of the FHFA, urges Fannie Mae and Freddie Mac to approve VantageScore, a move that threatens FICO’s dominance and could usher in a new credit-score model. The push coincides with criticisms that the major credit bureaus (Equifax, Experian, TransUnion) are overcharging consumers, prompting stock declines in FICO and the bureaus as markets weigh potential shifts in how creditworthiness is measured.

via Barron's|

#credit-bureaus #equifax #fhfa

politics4 months ago•2 min saved

Trump: Acting DNI Bill Pulte Won't Be a Permanent Appointment

President Trump says acting Director of National Intelligence Bill Pulte will not be appointed permanently and will continue to lead the FHFA and chair Fannie Mae/Freddie Mac in a short-term acting capacity while the search for a long-term DNI continues, as critics on Capitol Hill question his lack of intelligence experience; the move follows controversy around Tulsi Gabbard and ongoing DNI deliberations.

via CNBC|

#bill-pulte #dni #fannie-mae

politics-and-policy4 months ago•3 min saved

Trump taps FHFA chief Bill Pulte as acting DNI

President Trump appointed Bill Pulte, head of the Federal Housing Finance Agency, as acting director of national intelligence, a move that places a loyal Trump ally in a top security role while he continues to oversee FHFA's work with Fannie Mae and Freddie Mac; the decision drew mixed reactions from Republicans and Democrats about loyalty versus experience and potential conflicts in dual roles.

via Axios|

#bill-pulte #dni #fannie-mae-freddie-mac

politics4 months ago•9 min saved

Trump taps housing regulator to run the DNI in loyalty-first move

President Donald Trump named FHFA Director Bill Pulte as acting director of national intelligence, elevating a controversial housing regulator with a history of political maneuvering to the nation’s top intel job and signaling that loyalty may trump traditional qualifications. The appointment showcases Trump using FHFA as a political tool, amid clashes with economy and monetary officials, while supporters hail Pulte’s loyalty and perceived effectiveness, and critics warn of a lack of national-security credentials and potential politicization of intelligence ahead of the 2026 midterms.

via Politico|

#bill-pulte #dni #fhfa

politics4 months ago•3 min saved

Trump elevates FHFA chief Bill Pulte to acting DNI

President Trump named Bill Pulte, head of the Federal Housing Finance Agency, as acting director of national intelligence, taking over from Tulsi Gabbard. Pulte has used his FHFA perch to push for investigations into Trump’s perceived political enemies.

via Politico|

#bill-pulte #fhfa #national-intelligence

politics4 months ago•1 min saved

Trump taps FHFA chief Bill Pulte to serve as acting DNI as Gabbard exits

President Donald Trump named Bill Pulte, head of the Federal Housing Finance Agency, as acting director of national intelligence, replacing Tulsi Gabbard who will resign on June 30. Pulte has no prior intelligence background and will keep his FHFA duties as well as chair roles at Fannie Mae and Freddie Mac. Earlier Trump had said Aaron Lukas would become acting DNI after Gabbard’s departure, but the White House did not immediately clarify when Pulte would assume the DNI role.

via CNBC|

#bill-pulte #dni #fhfa

politics6 months ago•4 min saved

Swalwell ends suit alleging privacy breach by FHFA director over mortgage records

Rep. Eric Swalwell has dropped his November lawsuit accusing Federal Housing Finance Agency Director Bill Pulte of using mortgage investigations to silence opponents, arguing it violated the First Amendment and privacy protections. Pulte had referred Swalwell to the DOJ over alleged mortgage and tax fraud related to a Washington home, which Swalwell denies. The governor’s residency dispute referenced in the coverage is being handled in a separate case; no comment was provided by Pulte.

via Politico|

#bill-pulte #eric-swalwell #fhfa

politics1 year ago•5 min saved

Justice Department Investigates Fed's Lisa Cook Amid Political Tensions

The head of the Federal Housing Finance Agency, William Pulte, has made an unusual and controversial criminal referral accusing Federal Reserve governor Lisa Cook of mortgage fraud, prompting a formal investigation and political disputes, with experts questioning the legitimacy and motives behind the referral.

via The Guardian|

#fhfa #lisa-cook #mortgage-fraud

politics1 year ago•12 min saved

Trump's Mortgage Fraud Tactics Echo Nixon's Worst Actions

The article discusses how Donald Trump is using the federal housing data, particularly mortgage records held by the FHFA, as a tool for political targeting, similar to past abuses of the IRS for political purposes. It highlights the lack of confidentiality protections for mortgage data compared to tax returns and calls for legislative reforms to prevent such misuse in the future.

via Slate|

#fhfa #irs #mortgage-fraud

politics1 year ago•1 min saved

Fed Governor Lisa Cook Refuses to Resign Amid Trump Pressure and Allegations

Federal Reserve Board member Lisa Cook has refused to resign despite President Trump calling for her ouster over allegations of mortgage fraud, which she denies and is investigating further. The controversy stems from claims by FHFA Director William Pulte that Cook designated her out-of-state condo as her primary residence shortly after taking a loan on her Michigan home, leading to a criminal referral to the Justice Department.

via The Hill|

#federal-reserve #fhfa #lisa-cook

finance1 year ago•0 min saved

Tensions Rise as Trump Criticizes Fed Chairman Powell Over Renovations and Resignation Rumors

William J. Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, expressed support for reports that Jerome Powell is considering resigning, believing it would benefit the U.S. economy.

via FHFA (.gov)|

#fannie-mae #fhfa #finance

politics1 year ago•1 min saved

Calls for Congress Investigation into Fed Chair Powell Over Renovation Controversies

FHFA Director Bill Pulte has called on Congress to investigate Federal Reserve Chair Jerome Powell for alleged political bias, deception, and financial misconduct, including a $2.5 billion scandal, following recent Fed decisions and statements.

via HousingWire|

#bill-pulte #congress #fed-chair-powell

real-estate1 year ago•2 min saved

FHFA Raises 2025 Loan Limits Amid Rising Home Prices

The Federal Housing Finance Agency (FHFA) has announced the conforming loan limit (CLL) values for 2025, with the baseline CLL for one-unit properties set at $806,500, marking a 5.2% increase from 2024. This adjustment reflects the rise in average U.S. home prices as reported in the FHFA House Price Index. In high-cost areas, the loan limit can reach up to $1,209,750, which is 150% of the baseline limit. Special provisions apply to Alaska, Hawaii, Guam, and the U.S. Virgin Islands, where the baseline limit is also $1,209,750.

via Public Affairs Detail | Federal Housing Finance Agency|

#conforming-loan-limits #fannie-mae #fhfa