Trump's Mortgage Witch Hunt Accidentally Turns Fed Chair into FBI Target
KEY POINTS
- ā¢Bill Pulte, head of the Federal Housing Finance Agency, has aggressively targeted Trumpās political rivals with mortgage fraud allegations since August.
- ā¢Federal prosecutors subpoenaed Fed Chair Jerome Powell on January 9 about a multi-billion-dollar renovation project amid Pulteās claims he lied to Congress.
- ā¢Pulte publicly called for Powellās resignation multiple times and pushed Trump to buy $200 billion in mortgage bonds while an investigation looms.
Federal Housing Finance Agency head Bill Pulte, cousin of a homebuilding empire and private equity CEO-turned-politician, is playing political hitman, accusing Fed Chair Jerome Powell of 'lying before Congress' over a billion-dollar Fed renovation project. Pulte, who's also punching political rivals like Letitia James, Adam Schiff, Eric Swalwell, and Lisa Cook with criminal fraud referrals, calls Powell 'a disaster' and demands his resignation, all while cozying up with Trump and pushing a weird 50-year mortgage plan. Powell was slapped with DOJ grand jury subpoenas on January 9, the same day Pulte called Powell's Fed renovation mess 'a disgrace.' Meanwhile, watchdogs eye Pulteās own sketchy referrals and lawsuits scream abuse of power. Oh, and Trump is commanding reps to buy $200 billion in mortgage bonds as Pulte confirms an IPO plan for Fannie and Freddie still cooks on the stove. The saga continues as Treasury Secretary Scott Bessent once threatened Pulte with a fistfight, proving government drama needs HBO budgets.
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Bill Pulte turned mortgage fraud accusations into a full-contact sport, and now Jerome Powell's renovation budget is in the DOJ's crosshairs. Who knew fixing a building could get you criminal subpoenas faster than a Twitter meltdown?
When your quiet housing regulator is more dramatic than the entire Fed, maybe it's time to reconsider your job title.
Bill Pulteās hobby: playing Monopoly with real people's reputations while demanding the Fed Chair resign over a renovation bill.
Source: Axios | Published: 1/12/2026 | Author: Avery Lotz
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