Fannie Mae Officials Ousted After Data Sharing Allegations
An AP investigation has revealed that Bill Pulte, a confidant of the Trump administration’s top housing regulator, provided confidential Fannie Mae mortgage pricing data to a competitor, sparking concern among senior officials. Fannie Mae executives raised alarms over the disclosure of sensitive, competitive information by Lauren Smith, acting on Pulte’s behalf. Following this incident, key senior Fannie Mae officials who raised concerns were removed from their positions, raising questions about Pulte’s use of his position. The investigation also reveals Pulte’s efforts to align himself with Trump by using social media and potentially leveraging his role for political aims.
John Q. Hosedrinker