Discussion
“Lauren, the information that was provided to #FreddieMac in this email is a problem,” Malloy Evans, snr VP of #FannieMae’s single-family #mortgage division, wrote in an Oct 11 email. “That is confidential, competitive information.”
He also copied Fannie Mae’s CEO, Priscilla Almodovar, on the email, which bore the subject line: “As Per Director Pulte’s Ask.” Evans asked Fannie Mae’s top attorney “to weigh in on what, if any, steps we need to take legally to protect ourselves now.”
“Lauren, the information that was provided to #FreddieMac in this email is a problem,” Malloy Evans, snr VP of #FannieMae’s single-family #mortgage division, wrote in an Oct 11 email. “That is confidential, competitive information.”
He also copied Fannie Mae’s CEO, Priscilla Almodovar, on the email, which bore the subject line: “As Per Director Pulte’s Ask.” Evans asked Fannie Mae’s top attorney “to weigh in on what, if any, steps we need to take legally to protect ourselves now.”
While Smith still holds her position, the senior #FannieMae officials who called her conduct into question were all forced out of their jobs late last month, along with internal #ethics #watchdogs who were investigating #BillPulte & his allies.
The dismissals rattled the #housing industry & drew condemnation from #Democrats. It also gave more evidence to support claims that Pulte has leveraged the nonpublic information available to him to further his own political aims.
“This is another example of #BillPulte weaponizing his role to do Donald Trump’s bidding, instead of working to lower costs amidst a #HousingCrisis,” said Sen. #ElizabethWarren, of Massachusetts, the ranking #Democrat on the #Senate #Banking Committee. “His behavior raises significant questions, & he needs to be brought in front of #Congress to answer them.”
#law #scammers #housing #affordability #CostOfLiving #WealthGap #Trump
The episode marks the latest example of #BillPulte using what is typically a low-profile position in the federal bureaucracy to enhance his own standing & gain the attention of #Trump. He’s prompted #mortgage #fraud investigations of prominent #Democrats who are some of Trump’s best known antagonists, including Sen #AdamSchiff of California, #NYAG #LetitiaJames & California Rep #EricSwalwell.
#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap
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