**Bill Pulte Under Investigation as FHFA Chief by GAO**
The U.S. Government Accountability Office (GAO), a major watchdog for Congress, has opened an investigation into Bill Pulte, the head of the Federal Housing Finance Agency (FHFA). This development comes after rising concerns about Pulte, who has been linked to former President Donald Trump and well-known in business and housing circles.
The GAO began this probe after receiving several requests from lawmakers, according to sources close to the matter. The agency wants to find out whether Pulte has used his powerful role to favor individuals or companies close to him. As director of the FHFA, Pulte oversees Fannie Mae and Freddie Mac, two major housing finance companies. These organizations play a large role in the U.S. housing market.
Bill Pulte, a businessman and philanthropist, became known for giving away money on social media and for his ties to Republicans. He was appointed FHFA chief earlier this year. Critics have raised concerns about his lack of experience in running a federal agency and allege he could be using his position to benefit personal contacts.
The GAO investigation will look closely at any decision-making or policy changes Pulte has made since taking office. Lawmakers are especially interested in whether those decisions helped real estate developers or other businesses that supported his appointment.
This investigation could have big implications for the housing industry, which is already under stress due to interest rate hikes and rising housing prices. Fannie Mae and Freddie Mac are supposed to support affordable housing and protect taxpayers from financial risk. If Pulte is found to be acting improperly, it may lead to changes in leadership or new rules about how the agency operates.
So far, Pulte has not made a public comment about the investigation. His office says they plan to cooperate fully with the GAO review. Congressional leaders from both parties have said they hope the watchdog will complete a fair and swift examination.
The FHFA plays a critical role in America’s housing system, and any controversy at the top could affect homeowners and lenders across the country.
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