Recent discussions have highlighted concerns about widespread occupancy fraud within the US housing market, particularly involving Fannie Mae and Freddie Mac loans. Critics have called on Brian Pulte, head of the Department of Government Efficiency (DOGE), and the Department of Housing and Urban Development (HUD) to address the issue by implementing systemic reviews and enforcement actions. The Federal Reserve has identified billions of dollars in occupancy fraud, which involves borrowers misrepresenting their intent to occupy properties as primary residences to obtain favorable loans. This practice has been linked to reduced housing supply, increased prices, and unfair advantages for fraudulent borrowers, effectively harming taxpayers and legitimate homebuyers. Advocates urge the establishment of a dedicated occupancy fraud task force to investigate and prosecute offenders, with some warning that millions of borrowers could face federal charges including bank and loan application fraud. The calls for reform also emphasize the need to end government conservatorship of Fannie Mae and Freddie Mac, privatize these entities without taxpayer guarantees, and eliminate COVID-19 loan mitigation policies that may have exacerbated the problem. The housing market has been described as rife with fraud, money laundering, and price-fixing, prompting demands for stronger regulatory action.