Bloomberg Talks Federal Housing Finance Agency Director Bill Pulte Talks Lisa Cook's Mortgage Fraud Investigation
Aug 21, 2025
Bill Pulte, Director of the Federal Housing Finance Agency, dives into the serious mortgage fraud allegations against Federal Reserve Governor Lisa Cook. He underscores the necessity for transparency and accountability in the investigation, regardless of political ties. The discussion highlights alarming owner-occupancy fraud trends and innovative strategies to combat such issues, including tech partnerships. Pulte also touches on the future of Fannie Mae and Freddie Mac, considering their upcoming IPOs and the importance of ethical practices in U.S. mortgages.
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Equal Scrutiny For Mortgage Fraud
- Bill Pulte argues mortgage fraud is common and should be investigated regardless of a person's status.
- He says public officials must face the same rules as everyone else to protect mortgage market safety.
Report Mortgage Fraud To FHFA
- Submit suspected mortgage fraud tips to fraudtips@fhfa.gov so regulators can investigate.
- FHFA accepts tips from many channels and reviews them as part of its safety-and-soundness mandate.
Occupancy Misstatements As Systemic Risk
- Pulte stresses the core issue is alleged fraudulent signing and misrepresenting occupancy.
- He frames occupancy misstatements as bank, wire, and mortgage fraud with systemic risk.