Trump Action Archive

Supporting reports

• Trump directs FHFA head Pulte to publicly accuse Democratic opponents of mortgage fraud and demand Cook's resignation from Federal Reserve — Bill Pulte, appointed by Trump to lead the Federal Housing Finance Agency, has publicly accused New York Attorney General Letitia James, California Senator Adam Schiff, and Federal Reserve Governor Lisa Cook of owner-occupancy mortgage fraud via social media and referrals to the Department of Justice. Trump has demanded Cook resign and threatened to fire her if she does not step down. Cook, the first Black woman appointed to the Fed, denies the allegations and states she will not be "bullied" into resigning. The accusations remain unverified.
• Sen. Adam Schiff accused Trump administration of mortgage-based political persecution — Senator Adam Schiff (D-CA), who is being criminally investigated after a referral from Bill Pulte, stated that the Trump administration's use of mortgage investigations against political opponents is "patently false" and that Pulte is "essentially doing the president's bidding." Schiff stated that "Mortgage is their new weapon to go after their critics" and that the administration will "manufacture anything to go after their critics."
• Trump administration weaponized Federal Housing Finance Agency against political opponents — The Wall Street Journal reported that the Trump administration weaponized the Federal Housing Finance Agency (FHFA) to investigate mortgage records of political opponents. Bill Pulte, a homebuilder heir appointed to lead the agency overseeing Fannie Mae and Freddie Mac, initiated probes into mortgages of prominent Democrats and a Biden-appointed Federal Reserve official. Pulte partnered Fannie Mae with Palantir, a data analysis firm co-founded by Peter Thiel, and took an unusually active role at both firms.
• Bill Pulte weaponized Federal Housing Finance Agency to investigate Democrats for mortgage fraud — Bill Pulte, Director of the Federal Housing Finance Agency, weaponized the typically low-key, non-political agency to open investigations of Democrats for alleged mortgage fraud. Pulte made a criminal referral against Senator Adam Schiff and others, and provided the justification for Trump's attempted firing of Federal Reserve Governor Lisa Cook, citing mortgage fraud concerns. Pulte posted on social media that "fraud will not be tolerated in President Trump's housing market."