Federal Housing Finance Agency (FHFA) Director Bill Pulte has unveiled a video advertisement that reinforces the goal of merging privatizing Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) into a new entity called the Great American Mortgage Corporation.
On his X page, Pulte shared the one-minute video that begins by showing Americans planning to move into new homes. The advertisement then takes a more ominous tone with a narrator noting how the American Dream “has been devastated by a housing market in decline.”
The advertisement then presents President Trump as a leader “who stands by us and the basic principle that all Americans deserve to dream and dream big.” A more buoyant narrator then declares, “Introducing the all-new Fannie Mae and Freddie Mac – bigger and better than ever, fueling a new home buying Renaissance, revitalizing the American Dream for all Americans, led by a man who will go down as the greatest housing president in history. Together, we’re making home buying great again.”
Pulte offered no text commentary on the advertisement, and the FHFA did not make any formal announcement regarding the advertisement’s production or where it would be broadcast.
Earlier this month, Trump posted an AI-generated photo on Truth Social showing him at the opening bell of the New York Stock Exchange, with a sign reading “The Great American Mortgage Corporation.” The title of the photo reads “November 2025 – New York Stock Exchange – MAGA Listed NYSE.”
All I can say is “NO”. They are not mortgage companies. They have great authority and importance in the mortgage world than what Pulte seems to be assigning. I’m against the plan.
This is a terrible plan taking control from knowledge personnel and possibly/probably handing it over to political mayhem.
Funny how the administration is touting the President as the greatest housing President when his tariffs have hit home builders hard – increases in construction materials and the deportations of immigrants in the construction labor force have created significant headwinds.
When we get rid of Powell the housing market will take off. There is only so much damage you can fix in a short time – especially with the “resistance.”