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Bill Pulte (Govt. photo)
By the time Bill Pulte was born on May 28, 1988, his grandfather, William J. Pulte, had turned Pulte Homes in Metro Detroit into a powerhouse in the national homebuilding industry.
Now, grandson Bill, director of the Federal Housing Finance Agency, is making a name for himself in Washington by helping President Donald Trump attack his enemies, accusing them of mortgage fraud involving multiple properties. He helped push for the mortgage fraud indictment of New York Attorney General Letitia James, who calls the charges nonsense.
Up until now, he was despised by some Trump foes. But that's changing.
Politico reports that White House officials are furious that he talked the president into suggesting a 50-year mortgage plan. Trump posted the new idea on Truth Social, his social media platform.
Politico writes:
The White House was blindsided by the idea, according to two people familiar with the situation granted anonymity to discuss internal thinking, and is now dealing with a furious backlash from conservative allies, business leaders and lawmakers...
Almost immediately, aides were fielding angry phone calls from those who thought the idea – which would endorse a 50 year payback period for a mortgage – was both bad politics and bad policy, a move that could raise housing costs in the long run, the person said.
It’s actually not the first sign of disenchantment with Pulte inside the Trump administration.
In September, Politico reported that at a private dinner attended by dozens of administration officials and close presidential advisers, Treasury Secretary Scott Bessent threatened to punch Pulte “in the fucking face.”
