In recent weeks, Federal Housing Finance Agency (FHFA) director William Pulte has referred numerous political enemies of the president to the Justice Department for the alleged crime of mortgage fraud, claiming the falsification of documents and residence statuses. Pulte has taken significant criticism for facilitating President Trump’s revenge tour by taking highly irregular steps to pull applications on disfavored political figures, which in one case has led to Trump trying to fire Federal Reserve governor Lisa Cook.

At the same time, Pulte has announced changes in mortgage underwriting that could easily lead to confusion and error in assessing creditworthiness. If there’s more mortgage fraud in the future, Pulte could be to blame.

 

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