Three Democrats joined Senate Republicans in a vote to make Bill Pulte, the grandson of the founder of homebuilding giant PulteGroup, the chief regulator of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
Although little is known about Pulte’s policy positions, his housing and philanthropic background have helped him win the support of most industry trade groups and many consumer advocacy organizations.
OIG finds that the FHFA IT team failed to document changes to its procedures for responding to binding operational directives from the Department of Homeland Security.
The former chief housing advisor to the Treasury secretary during the first Trump administration will now oversee Freddie’s regulatory and conservatorship affairs operations.