Pulte’s 50-Year Mortgage Proposal Sparks White House Backlash
Federal Housing Finance Agency Director Bill Pulte faces mounting criticism after proposing 50-year mortgages during a meeting with former President Trump. The controversial plan, aimed at improving housing affordability, drew immediate ire from WHITE House officials who called the move "unvetted."
Industry experts warn the extended mortgage terms could artificially inflate housing prices while delaying equity accumulation for homeowners. National Association of Realtors chief economist Lawrence Yun dismissed the proposal as failing to address root causes of affordability challenges.
The backlash has intensified speculation about Pulte's tenure, with one source suggesting his "days are numbered" within the administration. The episode highlights ongoing tensions between innovative financial solutions and traditional housing market safeguards.
