Swalwell files a lawsuit against Trump’s FHFA Director after a criminal mortgage fraud case, stating that a D.C. home is owned by his wife.
Swalwell Files Lawsuit Against Former FHFA Head California Congressman Eric Swalwell has initiated a federal civil lawsuit against William Pelt, who led the Federal Housing Finance Agency (FHFA) during the Trump administration. The case has been filed in the U.S. District Court for the District of Columbia. The lawsuit claims that Pelt breached the Privacy […]
FHFA looks into portable mortgages due to worries about housing affordability
Discussion on Portable Mortgages in the U.S. Federal Housing Finance Agency Commissioner Bill Pulte has indicated that the agency is currently “actively evaluating” the concept of portable mortgages. These mortgages would enable homeowners to transfer their loans from one property to another, which could be quite beneficial during moves. The idea behind portable mortgages is […]
Bessent warns FHFA director, “I’m going to hit you in the face,” according to a report.
Treasury Secretary Scott Bescent reportedly threatened to punch Bill Plute, the federal Housing and Finance Director, during a tense encounter at a private dinner with staff and close advisors to President Trump. This information comes from a recent report by Politico. The incident unfolded with several top economic staff members present at this exclusive dinner, […]
FHFA refers Schiff to DOJ for suspected mortgage fraud on Maryland property
DOJ Investigates Adam Schiff’s Mortgage Records The Department of Justice may be looking into home buying activities from the early 2000s in Maryland, particularly involving Senator Adam Schiff’s mortgage documents. A Cornell Law professor suggested that the DOJ might revisit these records as part of a broader investigation. William Jacobson, a clinical professor at Cornell […]
FHFA Director Bill Pulte indicates that Jerome Powell may be thinking about stepping down.
Potential Resignation of Federal Reserve Chairman Jerome Powell Officials from the Trump administration suggested on Friday that Federal Reserve Chairman Jerome Powell might be contemplating resignation. Bill Palt, who heads the Federal Housing and Finance Agency, has openly criticized Powell for his alignment with President Donald Trump’s calls to lower interest rates. In a statement […]
FHFA instructs Fannie Mae and Freddie Mac to evaluate crypto as a mortgage asset
Housing Market Update: Cryptocurrency Considered as Mortgage Assets U.S. housing regulators are now requiring Fannie Mae and Freddie Mac to factor cryptocurrencies into their risk assessments for single-family mortgages. William Prute, the director of the Federal Housing Finance Agency (FHFA), announced this directive on social media, stating that he has ordered the government-sponsored enterprises to […]
FHFA leader targets the Federal Reserve
In a determined attempt to shake things up, Bill Prute, the Director of the Federal Housing Finance Agency, has taken to social media in a significant way. Over the course of just a day, he’s made multiple posts advocating for the resignation of Jerome Powell, the Chairman of the Federal Reserve. This situation, while perhaps […]
FHFA just announced higher conforming loan limits for 2025
Rising housing costs pushed up CLL. (iStock ) Home prices have remained high in recent years, largely due to fluctuations in mortgage rates and the lingering economic impact of the pandemic. Accordingly, the Conforming Loan Limit (CLL), which determines how much loan a borrower is eligible for, is scheduled to increase in 2025. The Federal […]