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FHFA nominee William Pulte pledges to follow law while senators press on conservatorship, appraisal bias and affordable housing
Summary
William Pulte, President Trump’s nominee to lead the Federal Housing Finance Agency, told senators he would prioritize safety and soundness and follow statute on programs such as the Housing Trust Fund, while fielding questions on conservatorship exit planning, credit risk transfer and appraisal bias.
William Pulte, President Trump’s nominee for director of the Federal Housing Finance Agency, told the Senate Banking Committee on Feb. 19 that his top priorities would be strengthening the safety and soundness of the housing finance system and ensuring limited housing inventory serves American buyers.
Pulte said any exit from the conservatorship of Fannie Mae and Freddie Mac must be “carefully planned to ensure the safety and soundness of the housing market without upward pressure on mortgage rates.” He told senators he favors private capital taking on more risk where possible, and he committed to supporting a strong private credit risk transfer (CRT) market, which senators said…
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