Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.
Pulte-led Federal Housing Finance Agency presides over further reductions in the senior staff at Fannie Mae, terminating as many as a dozen executives last week.
Industry groups — including the Community Associations Institute, the Community Home Lenders of America and the National Association of Realtors — made their displeasure about the change to condo loan applications known in a recent joint letter to Federal Housing Finance Agency Director Bill Pulte.
Elizabeth Warren, D-MA, and Chuck Schumer, D-NY, have requested Bill Pulte's official calendars and questioned his availability to address FHFA issues.