Bill Pulte has a new target in his crosshairs – the Federal Housing Finance Agency announced on his personal X account that he is now aiming at credit unions.
“Credit Unions are a part of the Federal Home Loan Bank network that we regulate,” said Pulte on his social media page. “We will be taking a closer look at them to ensure they are not creating risks that we do not see. Can’t have that.”
Credit unions are regulated by the National Credit Union Administration, and that agency has not made any announcement of a collaborative investigation with Pulte’s office. Pulte gave no further notice on his plans, nor did he explain why he suddenly considered credit unions risky to the Federal Home Loan Banks – for the record, this is the first time that he ever mentioned the Federal Home Loan Banks in his X tweets.
Perhaps it is not a coincidence that Federal Reserve Gov. Lisa Cook obtained two mortgages from a pair of credit unions in 2021 – Pulte has repeatedly insisted Cook committed mortgage fraud when she claimed two separate properties as her primary residence. The credit unions that originated Cook’s mortgages were the University of Michigan Credit Union and the Bank Fund Credit Union in Washington, DC.
Photo by Nick Youngson CC BY-SA 3.0 Alpha Stock Images / Picpedia
