Bill Pulte, Director of the Federal Housing Finance Agency (FHFA), has announced efforts to eliminate mortgage fraud within the U.S. housing finance system. Citing actions taken under former President Donald Trump, Pulte stated that over 50 executive orders have been issued targeting programs associated with the Biden administration at Fannie Mae and Freddie Mac. He emphasized that mortgage fraud will be prosecuted regardless of the perpetrator's status, including politicians and attorneys, and highlighted a recent criminal referral to the Department of Justice involving New York Attorney General Letitia James. Despite Pulte's public statements on combating mortgage fraud, some critics argue that he has not adequately investigated existing fraud, which they claim amounts to hundreds of billions of dollars in fraudulent loans currently on the books. These critics suggest that Pulte's approach may be politically motivated, aiming to use fraud allegations against political opponents.
Pulte out here grandstanding about fraud, but is waiting for tips? LMFAO, bro the Federal Reserve literally said hundreds of billions of dollars of loans you have on the books TODAY are fraudulent https://t.co/3imSPvkNQr
Truth is Pulte doesn't want to find fraud because fraud is the lifeblood of the real estate industry. Pulte wants to grandstand so he can weaponize known fraud against political enemies https://t.co/3imSPvkNQr
Pulte keeps talking about fraud yet does nothing to investigate the hundreds of billions he already knows exist. https://t.co/WgCgRCkTDk https://t.co/3imSPvllFZ