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The Latest Breaking News from Bill Pulte

Why 'affordability' is every politicians' nightmare: The anger that gets you elected and refuses to go away

The Fed measures inflation "at the time it's felt by the consumer," The Amherst Group's Sean Dobson told Fortune, different from measuring affordability.

Fortune

Top Fannie Mae officials ousted after sounding alarm on sharing sensitive housing data

A confidant of Bill Pulte, the Trump administration’s top housing regulator, provided confidential mortgage pricing data from Fannie Mae to a principal competitor

The Independent UK

How can we make the housing crisis even worse? Donald Trump has a plan

A proposal touting 50-year mortgages could double interest payments and worsen inequality

The Guardian - US

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The Trump Administration's Latest Housing 'Fix' Could Inflate Another Bubble

Socializing risk to subsidize demand isn't a solution to the housing crisis, but it is a good start to another financial crisis.

Reason

What to know about the 50-year mortgage proposed by the White House

The White House is considering backing a 50-year mortgage plan to help alleviate the country's home affordability crisis. Experts say the proposal has several drawbacks.

Euronews

Trump calls his 50-year mortgage idea 'not even a big deal' while insisting 'the economy is the strongest it's ever been'

"It might help a little bit," Trump said of the 50-year mortgage plan, which has no details attached yet. His housing director called it a "game-changer."

Fortune

After the 50-year mortgage plan, Trump might introduce a 15-year car loan. Ironically, American cars don’t even last that long

Trump’s 50-year mortgage plan has had its fair share of public scrutiny. But despite most Americans rejecting the idea as a “time cage,” there is news circulating about a “15-year car loan.” Basically, it’s a lifetime payment plan for cars that break down before they’re fully paid off.

The Mary Sue

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The 50-Year Mortgage: Completely Fine or a Total Flop?

Mortgage experts are divided on the wisdom of a 50-year mortgage. No one seems to think it's the key to making homeownership affordable.

Reason

Trump considering shake-up to housing market by offering 50-year mortgages and not just 30-year terms

Last month, 93 percent of Americans said they believe housing costs are too high

The Independent UK

Move over, 30-year mortgage. The Trump White House is working on a 50-year option to break the housing market gridlock

FHFA Director Bill Pulte confirmed Saturday, “We are indeed working on The 50-year Mortgage – a complete game changer."

Fortune

Trump Administration Eyes 50-Year Mortgage Plan Amid Housing Crisis — But Not Everyone's on Board

The Trump administration is considering a 50-year mortgage plan amid a housing affordability crisis, but critics warn that it could exacerbate household debt.

International Business Times UK

Donald Trump's 50-Year Mortgage Plan Could Redefine Homeownership In America — Housing Chief Calls It 'Game Changer' Amid Rising Costs

The Donald Trump administration is weighing a plan to introduce 50-year mortgages, a move officials say could reshape the housing market for generations of American buyers facing record costs.

Benzinga

Trump's housing chief calls Jerome Powell a 'maniac' who is 'deranged,' arguing high mortgage rates are 'really hurting people'

Speaking at the ResiDay conference, Bill Pulte said President Donadld Trump avoids D.C. groupthink, but "these other people, like Powell, they've lost their mind."

Fortune

Trump May Finally Take Freddie And Fannie Public, Says Bill Pulte: No Limit To 'What They Could Be Worth' With $7 Trillion In Assets

President Donald Trump is evaluating plans to take mortgage giants Federal National Mortgage Association (OTC:FNMA), or Fannie Mae, and Federal Home Loan Mortgage Corp (OTC:FMCC), or Freddie Mac, according to Bill Pulte, the Director of the Federal Housing Finance Agency.

Benzinga

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Barchart

Bill Pulte Issued a Warning on Freddie Mac Stock. Should You Ditch Shares Here?

Freddie Mac and Fannie Mae stocks have surged on hopes that the government could sell some of its stake, but Pulte posted on social media that investors need to read risk disclosures that Freddie Mac has made in its 10-K.

The Independent UK

How Bill Pulte learned the art of the attack, from his own family to Letitia James

Bill Pulte has become a significant player in the Trump administration

Fortune

Trump says the American Dream is on hold because ‘big homebuilders’ are ‘sitting on’ 2 million empty lots

It’s an unusual attack, since it resembles Ezra Klein’s “abundance” thesis, and one of Trump’s top deputies is a homebuilding heir.

Fortune

How Taylor Morrison CEO Sheryl Palmer leads differently after almost 20 years—and who she's met along the way

"The honest-to-God truth, Diane, is I didn't know anything more the day I took the job than the day before," Palmer told Fortune.

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The Guardian - US

US attorney tasked with inquiring into Trump critics resigns after president says ‘I want him out’

Erik Siebert leaving after his investigation finds insufficient evidence to charge New York’s attorney general Letitia James with a crime

We Got This Covered

Lost in humiliation of $354M penalty, Donald Trump is hellbent on revenge

No evidence of fraud? Charge her anyway or you're fired.

Euronews

Trump renews push to fire Fed governor Lisa Cook ahead of key vote

Sunday’s filing is the latest step in an unprecedented effort by the White House to shape the historically independent Fed.

Benzinga

Lisa Cook Fights Trump's Attempted Firing As Documents Show Condo Labeled 'Vacation Home,' Raising Questions About Mortgage Allegations

Federal Reserve Governor Lisa Cook is challenging President Donald Trump's effort to remove her after documents surfaced indicating one of her properties was listed as a vacation home, casting doubt on allegations of mortgage misrepresentation.

Benzinga

Trump's Push To Fire Fed Governor Sparks Legal Showdown: 'Era Of Fed Independence Would Be Over'

Federal Reserve Governor Lisa Cook is fighting the President Donald Trump administration in court after an emergency bid sought to remove her from the central bank ahead of a pivotal interest rate decision.

The Independent UK

Federal Reserve Governor Lisa Cook confirms second home status amid Trump fraud claims

Cook sued the Trump administration to block her firing following a row with the US President

We Got This Covered

Trump wants ‘the right to do anything I want’ but ‘only dictators have that power,’ constitutional expert argues

Trump's trying to fire the Fed governor and she's basically saying "make me."

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