The letter from the MBA is signed by Lennar Mortgage President and MBA chairman Laura Escobar, just like MBA President and CEO Bob Broeksmit.
“We believe that he brings a wealth of the real world, private sector experience on this role in a critical time for housing GSEs,” the letter is. ‘Mr. The proven record of Pulte qualifies him to lead this important agency. Our industry is looking forward to working productively with Mr. Pulte, once confirmed, to preserve the safety and reliability of the GSEs and the deep, liquid housing financing system of our nation – both for American tenants and homeowners. “
The MBA points to the experiences and performance of Pulte. He currently serves as a CEO of Pulte Capital Partners, An investment fund that, according to MBA, has generated more than $ 100 million. The group also notes that Pulte was a director at Pulte Homes, What was familiar to him with housing, mortgage, title and insurance activities.
MBA is not the only group that endorses Pulte. After Trump nominated him on January 16, the Community Home Lenders of America (Chla) also came out as support.
“Chla congratulates Bill Pulte on the announcement that he will be nominated for FHFA director. We look forward to working with him on the critical priorities of the affordability of the homeowner and the protection of smaller IMBs in every plan in which Fannie Mae and Freddie Mac Verservatership leaves, “said the statement.
Broeksmit also published a statement after the nomination, with reference to Pulte’s support for removing the GSEs from the conservatory. United Wholesale Mortgage (UWM) President and CEO Mat Ishbia also expressed his support and said he believes that Fannie and Freddie can benefit from innovation.
