The Senate confirmed Bill Pulte as the new director of the Federal Housing Finance Agency (FHFA) by a vote of 56-43 on March 13. He will be the fifth person to run the agency since its establishment in July 2008 as part of the Housing and Economic Recovery Act (HERA).
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit released the following statement applauding the Senate for its “swift action” in confirming Pulte just nine days following his confirmation hearing with the Senate Committee on Banking, Housing and Urban Affairs.
“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,” Broeksmit said.
Pulte acknowledged the vote confirming him for the head role at FHFA in a post on X (formerly Twitter):
“Thank you President Trump for entrusting me to lead Fannie Mae, Freddie Mac, and Federal Housing (FHFA) for the USA. Also, thank you to the U.S. Senate for confirming me. President Trump won a historic mandate to fix Washington, and that is exactly what we will do with Fannie and Freddie after these last 4 years’ housing crisis. Under President Trump’s leadership, we will help restore the American Dream for all Americans.”
Dodd Frank Update will have more details about Pulte’s confirmation shortly.