"The first thing GAO does as any work begins is to determine the full scope of what we will cover and the methodology to be used. This can take a few months, and until that is done, we cannot provide any estimates on a completion date,"
"Pulte has been a persistent critic of the Federal Reserve - often calling on chair Jerome Powell to resign as part of the administration's historic pressure on the central bank. He accused Fed governor Lisa Cook of mortgage fraud, leading Trump to fire a top central banker for the first time. A legal battle ensued; the Supreme Court will hear the case next year. Pulte lobbed similar accusations at New York Attorney General Letitia James and Sen. Adam Schiff (D-Calif.)."
"He also came under fire after convincing Trump to pitch the idea of a 50-year mortgage, Politico and CBS News reported - a proposal that landed with a thud with the public. Pulte touted it as a way to improve housing affordability. Critics were quick to point out that it would simply lower monthly mortgage payments, while costing Americans more over the long term."
GAO confirmed receipt and acceptance of a request to examine FHFA Director Pulte’s conduct and will determine the full scope and methodology before estimating a completion date. The scope-and-methodology stage can take several months and must pass through multiple review steps. The FHFA did not immediately respond to requests for comment. Pulte has used the regulator role to accuse perceived rivals of mortgage fraud, waste, and misconduct and has been a persistent critic of the Federal Reserve. He pushed a 50-year mortgage proposal that critics said lowers monthly payments but raises long-term costs. The timeline for the GAO probe remains unclear.
Read at Axios
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