Pulte vows action against ‘abusive monopolies’ in mortgage market

FHFA Director Bill Pulte said Monday he will not tolerate "abusive monopolies" in the mortgage market, writing on X that such entities will not be allowed to take advantage of consumers. Pulte had said last month that Fannie Mae and Freddie Mac would face scrutiny. The statement signals a tougher regulatory stance ahead of the midterms.