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- Mar 11, 2015
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Trump appinted Bill Pulte to run the Federal Housing Finance Agency. Pulte is using his position to attacknents of Trump. He is accusing them of mortgage fraud. He is making allegations against Adam Schiff and Leticia James. He is behd theclims tht hs lead to investigations.
Behind a White House effort to saddle President Trump's political foes with accusations of mortgage fraud is a 37-year-old home construction executive with a deep partisan past.
Bill Pulte, a Florida native, rose in Trump's orbit toward the end of his first term. After courting Trump for years on social media and through generous donations, he now runs the Federal Housing Finance Agency — a perch that has allowed him to target prominent figures who have crossed the president.
In the last five months, Pulte has referred three claims of mortgage fraud against Trump's foes to the Justice Department, leveled against Letitia James, the attorney general of New York; Adam Schiff, the Democratic senator from California; and this week, Lisa Cook, a governor on the board of the Federal Reserve.
Each has denied wrongdoing. Trump announced on Monday night that he was moving to fire Cook.
It is an unusual role for a director of the FHFA, which regulates Fannie Mae — the nation's largest company by assets — and Freddie Mac. The two mortgage financing organizations, which support nearly half of the U.S. residential mortgage market, were taken over by the FHFA during the 2008 economic crisis.
A Trump donor, now a regulator, leads effort to accuse president's foes of mortgage fraud
Behind a White House effort to saddle President Trump's political foes with accusations of mortgage fraud is a 37-year-old home construction executive with a deep partisan past.
Bill Pulte, a Florida native, rose in Trump's orbit toward the end of his first term. After courting Trump for years on social media and through generous donations, he now runs the Federal Housing Finance Agency — a perch that has allowed him to target prominent figures who have crossed the president.
In the last five months, Pulte has referred three claims of mortgage fraud against Trump's foes to the Justice Department, leveled against Letitia James, the attorney general of New York; Adam Schiff, the Democratic senator from California; and this week, Lisa Cook, a governor on the board of the Federal Reserve.
Each has denied wrongdoing. Trump announced on Monday night that he was moving to fire Cook.
It is an unusual role for a director of the FHFA, which regulates Fannie Mae — the nation's largest company by assets — and Freddie Mac. The two mortgage financing organizations, which support nearly half of the U.S. residential mortgage market, were taken over by the FHFA during the 2008 economic crisis.