The Confirmation Of William Pulte As FHFA Director Gets Praise
The U.S. Senate voted 56-43 to confirm William Pulte as Director of the Federal Housing Finance Agency (FHFA). The bipartisan vote comes quickly after the Senate Banking Committee favorably reported Pulte on a 15-9 vote last week. This move is getting high industry praise. Here’s what has been said:
The Mortgage Bankers Association (MBA) is welcoming this confirmation. “MBA congratulates William Pulte on his confirmation to serve as the next FHFA Director and applauds Senate leadership for its swift action in scheduling his confirmation vote,” noted MBA’s President and CEO Bob Broeksmit, CMB. “Our members stand ready to work with Director Pulte and his team, Fannie Mae and Freddie Mac staff, the Federal Home Loan Banks, and other industry stakeholders to increase affordable and sustainable homeownership and rental housing opportunities for all Americans while ensuring a robust secondary mortgage market for single-family and multifamily lenders of all sizes and business models.”
Similarly, Community Home Lenders of America (CHLA) is in support of Pulte, as well. “CHLA applauds the confirmation of Bill Pulte to be Director of the FHFA. CHLA appreciates Mr. Pulte’s commitment to affordable homeownership. We look forward to working with him on issues like preserving a broad base of GSE lenders, which benefits consumers, and taking Fannie and Freddie out of conservatorship in an orderly way,” added Scott Olson, Executive Director of CHLA.
Lastly, the National Association of REALTORS (NAR) believes that Pulte is a good person to lead the FHFA. “On behalf of the National Association of REALTORS, I want to extend our sincere congratulations to Bill Pulte on his confirmation as Director of the Federal Housing Finance Agency. His leadership comes at a pivotal time as we face historic housing challenges, including affordability concerns and a nationwide housing shortage,” pointed out NAR EVP & Chief Advocacy Officer Shannon McGahn.
“FHFA oversees a housing finance system that is uniquely American, but whose reform is long delayed. Fannie Mae and Freddie Mac, collectively the ‘GSEs’, are the backbone for middle-class homeownership and rentership. It is of the utmost importance that we take a measured and thoughtful approach to any GSE reforms,” McGahn concluded. “We are confident that Director Pulte’s experience and commitment will help strengthen the housing finance system and support sustainable homeownership for all Americans. We look forward to working with him to ensure a stable, accessible, and thriving housing market for generations to come.”
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