A trio Senate Democrats sent a letter to Bill Pulte, director of the Federal Housing Finance Agency (FHFA), to using his position for political machinations and to focus on lowering housing costs.
The senators – Minority Leader Chuck Schumer of New York, Senate Banking Committee Ranking Member Elizabeth Warren of Massachusetts, and Cory Booker of New Jersey – complained that home prices were up 3% year-over-year, reaching a record high in June. They also noted rents were up 41% since the first Trump presidential term, with households paying more than 30% of their incomes on rent. They also complained that Pulte was not taking his job seriously.
“As FHFA Director, you have a legitimate role to play in addressing these issues,” the senators wrote. “Instead of spinning rumors about the Federal Reserve Chair’s retirement or taking credit for credit scoring actions and title insurance pilots created by former FHFA Director Sandra Thompson under the Biden Administration, you could demonstrate an actual commitment to improving the everyday lives of the American people and work to make housing more affordable for them.”
The senators offered what they dubbed as “eight tangible suggestions” to bring down housing costs, including a study on “the impacts of potential Fannie Mae and Freddie Mac reprivatization on consumers and the housing market,” along with greater support of fair housing and fair lending initiatives and increased investment in the Federal Home Loan Banks’ Affordable Housing Program. They also lamented that Pulte is using the bulk of his time in targeting Federal Reserve Gov. Lisa Cook for dismissal by President Trump.
“We urge you to reorder your priorities and begin taking meaningful actions to bring affordable housing and homeownership into reach for the American people,” the senators stated.
Pulte made no acknowledgment of the senators’ letter on his personal X account, which he uses for public-facing business communications.












It sounds like they’re highlighting the fact that “since Trump’s first term”, rent costs have gone up 41%. Hmmm…no realization that “since Trump’s first term” the Demonkraps caused the 41% increase.
Property values have gone up. The home owners aren’t just going to swallow that. They’re welcome for the economics 101 class.