The AEI is in panic because only 61% of 12th grade girls say they want to get married as of 2023 compared to 83% in 1993. Maybe it's because the very people the AEI is championing want a society where motherhood is frowned on and women are denied equal pay for equal work. Support motherhood? Join the movements for unions, #MedicareForAll, #Housing for all, and #BasicIncome so people can afford to get married and have kids. #1u

The AEI is in panic because only 61% of 12th grade girls say they want to get married as of 2023 compared to 83% in 1993. Maybe it's because the very people the AEI is championing want a society where motherhood is frowned on and women are denied equal pay for equal work. Support motherhood? Join the movements for unions, #MedicareForAll, #Housing for all, and #BasicIncome so people can afford to get married and have kids. #1u

https://apnews.com/article/fannie-mae-freddie-mac-firing-pulte-data-a4f8c53df74fef83ec7fd07e3d524746 #housing #USPolitics

Top #FannieMae officials ousted after sounding alarm on sharing confidential #housing data

A confidant of #BillPulte, the #Trump admin’s top housing “regulator”, provided #confidential mortgage pricing #data from Fannie Mae to a principal competitor, alarming senior officials of the govt-backed lending giant who warned it could expose the company to claims that it was colluding with a rival to fix mortgage rates.

#law #scammers
https://apnews.com/article/fannie-mae-freddie-mac-firing-pulte-data-a4f8c53df74fef83ec7fd07e3d524746

…The Wall Street Journal reported this week that some #FannieMae #ethics & #oversight officials who were fired last month had been investigating whether #BillPulte improperly obtained #mortgage information for #LetitiaJames, who was charged last month with bank fraud after Pulte sent a criminal referral to the #DOJ. She said the charges, which she denies, are politically motivated.

#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump

https://apnews.com/article/fannie-mae-freddie-mac-firing-pulte-data-a4f8c53df74fef83ec7fd07e3d524746 #housing #USPolitics

Others who were part of the email chain included Almodovar, the CEO; COO Peter Akwaboah; Devang Doshi, a snr VP for capital markets; & John Roscoe, a #BillPulte loyalist & fmr #Trump White House aide, who served as #FannieMae’s executive VP of PR & operations.

Days later, Almodovar, McCoy & Evans…were out of a job. Meanwhile, Roscoe was promoted to co-president of the company, while Akwaboah was named acting CEO.

#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap

In the Oct 11 message to Smith, Evans, the #FannieMae #mortgage executive, also added others to the email chain because they “were involved with this week’s efforts to compile this information” & he wanted to “make sure you do not exacerbate this issue.”

Danielle McCoy, Fannie Mae’s general counsel, weighed in, adding that the information Smith provided to #FreddieMac should “never be shared” & “could put the company at risk.”

#law #scammers #housing #affordability #BillPulte #Trump

…Soon, a team at #FannieMae was overseeing an effort to pull together a tranche of #mortgage data, according to emails reviewed by the AP. Smith played a central role and shared the #confidential lender-level pricing information with #FreddieMac, which set off alarms at both companies, according to the emails.

#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #BillPulte #Trump

The 3 competing roles present the potential for a #ConflictOfInterest that is detailed in emails reviewed by AP. Like many matters of public policy in Trump’s Washington, it appears to have begun with a social media post.

In October, #Trump criticized the homebuilding industry….

“They’re sitting on 2 million empty lots, A RECORD,” Trump posted to his social media…. “I’m asking #FannieMae & #FreddieMac to get Big Homebuilders going.”

“On it,” #BillPulte posted in response on X.

#law #housing

#BillPulte ’s power over the #mortgage lending industry is unusual. Not long after his #Senate confirmation, he appointed himself chairman of both #FannieMae & #FreddieMac, which hold trillions of dollars in assets. The companies serve as a crucial backstop for the home lending industry by buying up mortgages from individual lenders, which are packaged together & sold to investors.

#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump

…The Wall Street Journal reported this week that some #FannieMae #ethics & #oversight officials who were fired last month had been investigating whether #BillPulte improperly obtained #mortgage information for #LetitiaJames, who was charged last month with bank fraud after Pulte sent a criminal referral to the #DOJ. She said the charges, which she denies, are politically motivated.

#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap #Trump

Since his appointment to lead the FHFA, #BillPulte has sought to ingratiate himself with #Trump. The 37-yr-old scion of a homebuilding company fortune, Pulte has cultivated a reputation as a hyper-online millennial with a thirst for recognition & a desire to please Trump. He & his wife also donated about $1 million to Trump’s campaign….

#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap

#BillPulte also has focused on large home #construction companies, which have drawn #Trump’s ire. Pulte requested #confidential #FannieMae #data & has publicly signaled that he is considering a crackdown if the companies do not increase construction volume.

“I’m looking at the Fannie Mae builder data & with the top three homebuilders we buy EASILY over $20 billion in THEIR LOANS!” he posted to X in early October.

#law #scammers #housing #HousingCrisis #affordability #CostOfLiving #WealthGap

In June, #BillPulte ordered #FannieMae & #FreddieMac to prepare a proposal for the firms to accept #cryptocurrency, another industry #Trump has boosted, as part of the criteria for buying mortgages from #banks. Last week, he persuaded Trump about the allure of a 50-year #mortgage as a way to increase home buying & building—a proposal that was widely criticized because it would drastically increase the overall price of a #loan.

#law #scammers #housing #HousingCrisis #affordability #CostOfLiving

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

“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