U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Warren presses FHFA director nominee Pulte on ending Fannie Mae and Freddie Mac conservatorships and potential conflicts

The U.S. Senate Committee on Banking, Housing and Urban Affairs published a letter from Ranking Member Elizabeth Warren to Bill Pulte, the nominee to serve as Director of the Federal Housing Finance Agency (FHFA), seeking clarity on his stance toward reprivatizing Fannie Mae and Freddie Mac and on potential conflicts of interest linked to his financial ties to housing-related entities. Warren asked whether, if confirmed, Pulte would seek to end the enterprises’ conservatorships and, if so, whether he would use a public input process before any action to terminate them as agreed by FHFA and the U.S. Treasury Department. The letter also probes which other parties and federal agencies would be involved, the process he would use to determine an approach to ending conservatorship, and his intended goals for outcomes post-conservatorship, alongside questions on the housing supply shortage. On conflicts of interest, Warren highlighted investments held through Pulte Capital Partners, positions in PulteGroup, and holdings through the Pulte Family Office, and requested details on financial relationships with entities that could directly or indirectly benefit from FHFA decisions. Pulte is scheduled to appear for his confirmation hearing on February 27.