Pulte, whose grandfather William Pulte founded and served as chairman of homebuilding giant PulteGroup, is a familiar face within the US mortgage industry – and the announcement was welcomed by Mat Ishbia (pictured below), chief executive officer of United Wholesale Mortgage (UWM), who told Mortgage Professional America it was good news for the space.
“I think it’s really a positive thing, having someone from the industry that knows housing and mortgage, that can lead our industry and do things to help Fannie and Freddie make lending more affordable, create access for consumers,” Ishbia said on Thursday. “Getting someone that’s from our industry is definitely a win for everybody.”
Sandra Thompson, who’s served as FHFA head since 2022, is expected to retire on January 19, the day before Trump’s inauguration.
Trump’s first administration made some inroads into ending Fannie and Freddie’s conservatorship, with then-FHFA director Mark Calabria – appointed in 2019 – a vocal advocate for the GSEs’ independence.
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