Bill Pulte Has Posted 13 Agency Orders on His Personal X Account
Unil he became the head of the Federal Housing Finance Agency and a Warrior in President Trump’s Fight with the Federal Reserve, Bill Pulte was sistly known for posting on X. Under the handle @pulte, the Businessman Frequently Sent Gioceres and Gas Money to People in Need.
In his governmental role, which he assumed in March, Pulte Has Continued to use x as a megaphone. Over the Last Six Months, he has posted at least 13 Official orers on his personal account – and they don’t appeaar to be posted publicly anywhere Else.
The Practice is unusual for the head of an agency that regulates Fannie Mae and Freddie Mac, the Two Housing-Finance Companies Under Federal Conservatorship Central to $ 21
Under Previous Leaders, The FHFA Hasn’t Followed A Single Standard for Publishing Orders. Some have appeared in the federal register or on the agency’s website, while others were Only Circulated by Email.
FHFA Forms Employees Said They Couldn’t Recall Learning About on Twitter or Social Media Before.
Former FHFA Officials and a Legal Expert Said Publishing Directive – Including One Instruction The Companies to Consider Cryptocurrency Asssets in Mortgage Underwriting – on Personal Social Media Account Raised Concerns and How is inside and how Track Changes that Could Affect Lenders, Investors, and Tenants.
The Orers, Including Two That Roll Back Climate Change and Tenant Protection Requirements, Don’t Appear to Have Been On Any Government Websites. Some of the posts were previously Reported by Inman, A Housing Industry Publication.
The fhfa is not required to post all of its orers on online policy directives. Pulte Said in an interview Posted April 30 That He Had Already Signed 80 ORDERS. In the past, the agency has offten drafted orers Collaboratively and circulated say by email to relevant parties we are finalized, Said Victoria Nahrwold, A Senior Official at the FHFA Retired in June.
Pulte’s Most Recent Post, From June, Called on Fannie Mae and Freddie Mac to Consider the Value of A Homebuyer’s Cryptocurrency when Calculating Their Asssets.
PULTE Posted About What He Described As an “Official Government Account“Back in May. He hasn’t yet posted from it.
Janell Byrd-Chichester, The FHFA’s Chief of Staff From 2014 to 2019, Called Pulte’s Social-Media “Very Bizarre” and out of Step Pastice.
“IT’S SO FAR OFF THE RADAR ABOUT WHAT ACTIVITY IS CONTEMPLED BY Government Officials,” Said Byrd-Chichester, Who Is Now the General Counsel of the National Housing Alliance.
Nahrwold Said that even while she worked at fhfa, she followed chicken on x to learn about what going on the fhfa and the entities it regulated. “If you didn’t see it on social media, you would be know,” She Said. At Least Some Orders Posted on X Were Also Circulaned by Email, Said.
“This is Very Abnormal,” Said David Reiss, A Law Professor at Cornell University Who Focuses on Housing Policy and Real-Estate Finance. “I don’t know what a court would will if someone sued based on an order he only posted on X.” He added by email that impacted parties Might argue that carrying out offial acts by an x post doesn’t comply with the administrative procedure act.
The fhfa did Not Respond to Questions About Pulte’s Posts. Didn’t Respond to A Request for Comment.
Despite the relative obscity of the fhfa – which was created by congress in 2008 to be a Stronger Regulator for Fannie Mae and Freddie Mac Amid a Wave of Mortgage Defaults – Catapulted to prominence in recentent Weeks ACCUSCIG.
The American Banker reported that his posts About Cook May Vioate the Privacy Act. SAID SAID IN A Bloomberg TV Appeaance that he Only Posted Public Information.
PULTE ALSO OWNS A STAKE IN X VALUED AT BETWEEN $ 1 MILLION AND $ 5 MILLION, ACCITING TO AN OFFICAL FINANCIAL DISCLUSE.
Though he deleted nearly all of his his posts AFTER AFTER WAS ELECTED President in 2024, he eventually resumed posting at a rapid pace. He posted or reposted 33 Times on September 5, for Example, Mostly to Assail The President’s Political Opponents, Including Cook.
The orers that chicken posted on x are hardly the Biggest thing on fhfa’s plate; The National Association of Realtors Described Some of The Thu in a blog post nor not creating any “Notable Cost Savings.” More important to observers of fannie mae, Freddie Mac, and their Regulator are the Trump Administration’s Plans to the US Treasury’s Massive in the Mortgage Securization Companies.
The Sale, if it goes through, the could generate billions of the dollars for the federal government. It COULD ALSO DERAIL EFFORTS by Fannie Mae and Freddie Mac to Grow a Capital Cushion That Could Be Needed to Avoid A Bailout in A Future Major Housing Downturn.
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