Slate Daily Feed What Next | The Man Behind Trump’s Firing of Lisa Cook
Aug 26, 2025
Rachel Siegel, a reporter for The Washington Post focusing on real estate and housing economics, dives into the provocative role of Bill Pulte, head of the Federal Housing Finance Agency. She explores his aggressive investigations into high-profile figures and his striking communication style reminiscent of Trump. They discuss the significant impact of Pulte's leadership on the mortgage market, the controversies surrounding mortgage fraud allegations, and the uncertain futures of mortgage giants Fannie Mae and Freddie Mac. Expect insightful commentary on politics and housing!
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FHFA Director's Unusual Political Muscle
- Bill Pulte, FHFA director, wields outsized influence by using social media and the agency's authority to attack political opponents.
- In six months he opened investigations into Adam Schiff, Letitia James, and Fed Governor Lisa Cook and sent findings to DOJ.
From Twitter Giver To Trump Ally
- Bill Pulte rose from a home-building fortune and grew a public profile by donating on Twitter and giving away cars.
- Those stunts boosted his followers and connected him with Trump family members, leading to roles in Trump's orbit.
Data And Control Give Real Power
- The FHFA controls Fannie Mae and Freddie Mac and holds vast mortgage data, giving its director real leverage.
- Pulte has leaned on that access to allege mortgage fraud against high-profile figures and publicize investigations.