"Pulte has gained notoriety in recent months for leading the crusade against several Trump political enemies including; Federal Reserve governor Lisa Cook, Sen. Adam Schiff (D-CA) and New York Attorney General Letitia James publicly accusing them of mortgage fraud. To date, only James has been criminally charged, and even the strength of that case has been called into question by legal analysts."
"The thing that became clear from this latest episode if it wasn't already clear is that Bill Pulte doesn't know the first fucking thing about how the mortgage markets operate, said an unnamed source, identified by Politico as someone familiar with the situation. After publicly humiliating the president with his moronic 50-year mortgage plan, it's safe to assume that his days are numbered."
"White House staffers were said to have been blindsided by this proposal, and the fallout has not been pretty. Conservative allies, business leaders, and lawmakers have all come down harshly against the move. He just sold POTUS a bill of goods that wasn't necessarily accurate, an unnamed source told Politico. He said FDR did it, you can do it, it's gonna be a big thing.' But he didn't tell him about all the unintended consequences."
Bill Pulte, director of the Federal Housing Finance Agency, pitched 50-year mortgages that would take a half-century to pay off. White House staffers reacted with fury and described him as not understanding mortgage markets. The proposal reportedly blindsided staffers and drew harsh criticism from conservative allies, business leaders, and lawmakers. Critics said homebuyers would pay for decades while accruing minimal equity. Fox Business host Charles Payne stated he did not like the idea. Pulte has recently targeted several Trump political opponents with public accusations of mortgage fraud; only New York Attorney General Letitia James has been criminally charged, and the case's strength has been questioned by analysts.
Read at www.mediaite.com
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