September 9th 2025.
In recent news, the Federal Housing Finance Agency, headed by Trump appointee Bill Pulte, has been under scrutiny for targeting certain Democratic figures with mortgage fraud investigations. However, as these investigations unfold, new information has come to light regarding potential mortgage fraud within Pulte's own family.
On September 8th, Representative Jamie Raskin, ranking member of the House Judiciary Committee, launched an inquiry into Pulte's actions, citing concerns that he is using his position to unfairly target political opponents of the President. In a letter to Pulte, Raskin expressed worries that this may be a result of coordination with the White House. The investigations into Senator Adam Schiff, New York Attorney General Letitia James, and Federal Reserve Governor Lisa Cook have raised suspicions among House Democrats that Pulte's true intention is to discredit and punish critics of President Trump.
However, these allegations against Pulte come at the same time that details are surfacing about possible mortgage fraud involving Pulte's father, Mark, and stepmother, Julie. Public records show that since 2020, the Pultes have claimed multiple "homestead exemptions" for homes in both Michigan and Florida. These exemptions, meant to lower property taxes for primary residences, are not typically allowed for more than one property. As a result, the Pultes could face penalties and back taxes. After concerns were raised by officials in Bloomfield Township, Michigan, the exemption for their residence there was revoked.
In addition, it has been revealed that the Pultes rented out their Michigan home earlier this year, which also goes against homestead exemption rules. As a result, revised tax bills, including penalties and interest, will be issued to the Pultes. These new developments have only added fuel to the fire of the fraud allegations against Pulte and his family.
These investigations into Pulte's family come in the midst of his recent criminal referral against Federal Reserve Governor Lisa Cook. This referral was used by President Trump in an attempt to remove Cook and put pressure on the central bank to lower interest rates. Pulte claims that Cook listed both a Michigan home and an Atlanta condo as her primary residences on mortgage documents, but Cook denies any wrongdoing. Similar accusations have been made against Schiff and James, both of whom have previously led efforts against the President.
In light of these recent revelations, House Democrats are calling for Pulte to produce all records related to these investigations, as well as any others involving Democratic members of Congress or state elected officials. Representative Raskin is also looking into Pulte's reported collaboration with data analytics firm Palantir, which uses artificial intelligence to detect mortgage fraud. This inquiry gives us a glimpse of what may come if the Democrats regain control of the House next year.
In related news, a recent report from Redfin has found that homebuyers must earn at least $115,000 in order to purchase a moderately priced home. This highlights the ongoing struggle for affordable housing in the United States and the impact it has on potential buyers.
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