#billpulte — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #billpulte, aggregated by home.social.
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Welcome to MonticHellNo
Donald Trump’s Ls for the weeeekkkk
https://youtube.com/shorts/zWno88-ZWuM
#USPol #Amandas_Mild_Takes #AmandaHolden #ToddBlanche #TrumpSlushFund #KennedyCenter #BillPulte #TrumpIranWar #PeteHegseth #UkraineSupport #RussianSanctions #HomeSalesCrash #Inflation #Screwworm -
Welcome to MonticHellNo
Donald Trump’s Ls for the weeeekkkk
https://youtube.com/shorts/zWno88-ZWuM
#USPol #Amandas_Mild_Takes #AmandaHolden #ToddBlanche #TrumpSlushFund #KennedyCenter #BillPulte #TrumpIranWar #PeteHegseth #UkraineSupport #RussianSanctions #HomeSalesCrash #Inflation #Screwworm -
Welcome to MonticHellNo
Donald Trump’s Ls for the weeeekkkk
https://youtube.com/shorts/zWno88-ZWuM
#USPol #Amandas_Mild_Takes #AmandaHolden #ToddBlanche #TrumpSlushFund #KennedyCenter #BillPulte #TrumpIranWar #PeteHegseth #UkraineSupport #RussianSanctions #HomeSalesCrash #Inflation #Screwworm -
Welcome to MonticHellNo
Donald Trump’s Ls for the weeeekkkk
https://youtube.com/shorts/zWno88-ZWuM
#USPol #Amandas_Mild_Takes #AmandaHolden #ToddBlanche #TrumpSlushFund #KennedyCenter #BillPulte #TrumpIranWar #PeteHegseth #UkraineSupport #RussianSanctions #HomeSalesCrash #Inflation #Screwworm -
#BillPulte also got something he wanted.
A day after the terse email exchange, #Trump posted a graphic to his Truth Social network that featured #FannieMae’s logo, a list of large homebuilders & the headline “We Give Them Billions.”
Pulte quickly reposted it.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap
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Others who were part of the email chain included Almodovar, the CEO; COO Peter Akwaboah; Devang Doshi, a snr VP for capital markets; & John Roscoe, a #BillPulte loyalist & fmr #Trump White House aide, who served as #FannieMae’s executive VP of PR & operations.
Days later, Almodovar, McCoy & Evans…were out of a job. Meanwhile, Roscoe was promoted to co-president of the company, while Akwaboah was named acting CEO.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap
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In the Oct 11 message to Smith, Evans, the #FannieMae #mortgage executive, also added others to the email chain because they “were involved with this week’s efforts to compile this information” & he wanted to “make sure you do not exacerbate this issue.”
Danielle McCoy, Fannie Mae’s general counsel, weighed in, adding that the information Smith provided to #FreddieMac should “never be shared” & “could put the company at risk.”
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…Soon, a team at #FannieMae was overseeing an effort to pull together a tranche of #mortgage data, according to emails reviewed by the AP. Smith played a central role and shared the #confidential lender-level pricing information with #FreddieMac, which set off alarms at both companies, according to the emails.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #BillPulte #Trump
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The 3 competing roles present the potential for a #ConflictOfInterest that is detailed in emails reviewed by AP. Like many matters of public policy in Trump’s Washington, it appears to have begun with a social media post.
In October, #Trump criticized the homebuilding industry….
“They’re sitting on 2 million empty lots, A RECORD,” Trump posted to his social media…. “I’m asking #FannieMae & #FreddieMac to get Big Homebuilders going.”
“On it,” #BillPulte posted in response on X.
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#BillPulte ’s power over the #mortgage lending industry is unusual. Not long after his #Senate confirmation, he appointed himself chairman of both #FannieMae & #FreddieMac, which hold trillions of dollars in assets. The companies serve as a crucial backstop for the home lending industry by buying up mortgages from individual lenders, which are packaged together & sold to investors.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump
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…The Wall Street Journal reported this week that some #FannieMae #ethics & #oversight officials who were fired last month had been investigating whether #BillPulte improperly obtained #mortgage information for #LetitiaJames, who was charged last month with bank fraud after Pulte sent a criminal referral to the #DOJ. She said the charges, which she denies, are politically motivated.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump
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#BillPulte also has focused on large home #construction companies, which have drawn #Trump’s ire. Pulte requested #confidential #FannieMae #data & has publicly signaled that he is considering a crackdown if the companies do not increase construction volume.
“I’m looking at the Fannie Mae builder data & with the top three homebuilders we buy EASILY over $20 billion in THEIR LOANS!” he posted to X in early October.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap
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In June, #BillPulte ordered #FannieMae & #FreddieMac to prepare a proposal for the firms to accept #cryptocurrency, another industry #Trump has boosted, as part of the criteria for buying mortgages from #banks. Last week, he persuaded Trump about the allure of a 50-year #mortgage as a way to increase home buying & building—a proposal that was widely criticized because it would drastically increase the overall price of a #loan.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving
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While Smith still holds her position, the senior #FannieMae officials who called her conduct into question were all forced out of their jobs late last month, along with internal #ethics #watchdogs who were investigating #BillPulte & his allies.
The dismissals rattled the #housing industry & drew condemnation from #Democrats. It also gave more evidence to support claims that Pulte has leveraged the nonpublic information available to him to further his own political aims.
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Emails reviewed by The AP show that #FannieMae executives were unnerved about what one called the “very problematic” disclosure of data by Lauren Smith, the company’s head of marketing, who was acting on Pulte’s behalf.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #BillPulte #Trump
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Top #FannieMae officials ousted after sounding alarm on sharing confidential #housing data
A confidant of #BillPulte, the #Trump admin’s top housing “regulator”, provided #confidential mortgage pricing #data from Fannie Mae to a principal competitor, alarming senior officials of the govt-backed lending giant who warned it could expose the company to claims that it was colluding with a rival to fix mortgage rates.
#law #scammers
https://apnews.com/article/fannie-mae-freddie-mac-firing-pulte-data-a4f8c53df74fef83ec7fd07e3d524746