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William Pulte, director of the Federal Housing Finance Agency and chairman of Fannie Mae, talks about buying $200 billion in mortgage bonds, future rates and banning large institutions from purchasing single-family homes.
The American people could soon celebrate a “big victory” in the U.S. housing market, according to the nation’s housing finance chief.
“All these other fake politicians, they all talk and don’t act. They have never spent a day in their private lives in [the] private sector,” said William Pulte, director of the Federal Housing Finance Agency and chairman of Fannie Mae. on “Mornings with Maria” Monday.
“President Trump has made a lot of money, knows real estate, understands how to get things done. He looks at this thing, he says, ‘We’re not going to complain about this. We’re going to do something,'” he continued. “I think this is going to be a great victory for the American people.”
Pulte discussed working with the Trump administration to make American housing “a more affordable market.” Last week, President Donald Trump said he was directing his representatives to buy $200 billion in mortgage bonds to lower rates.
“Now I’m paying special attention to the housing market. Because I chose not to sell Fannie Mae and Freddie Mac during my first term, a very good decision, and against the advice of ‘experts,’ they are now worth many times that amount – AN ABSOLUTE FORTUNE – and have $200 BILLION DOLLARS IN CASH,” the president posted on Truth Social. “For this reason, I am directing my representatives to BUY $200 BILLION IN MORTGAGE BONDS. This will lower mortgage rates, DECREASE monthly payments, and make the cost of owning a home more affordable.”
William Pulte, Director of the Federal Housing Finance Agency (FHFA), during a television interview outside the White House in Washington, DC, Monday, January 12, 2026. (Getty Images)
“We’re meeting with the home builders again this week. I’m confident the builders will resume construction,” Pulte said. “We’re in the middle of a $200 billion purchase. We have over $200 billion in cash and cash equivalents in Fannie Mae and Freddie Mac. I mean, it’s crazy – almost criminal – that other presidents didn’t even know these companies existed or were using them.”
“We’re going to use that $200 billion, we’re going to make housing more affordable,” Pulte added, “and we’re going to do everything we can as an administration to reverse what’s happened over the last four years.”
William J. Pulte, director of the U.S. Federal Housing Finance Agency, discusses the independence of the Fed, Lisa Cook’s fraud allegations, and President Donald Trump’s efforts to lower housing costs.
Pulte also applauded Trump’s recent decision ban large investment institutions to acquire single-family homes.
“One of the things people don’t understand is that some home builders are selling properties, homes – if you can believe it – to corporations at 20, 30, in some cases, 40 percent less than what they sell to the American people. That can’t happen,” Pulte said. “We need people housed. We need people living in homes, just like they were during President Trump’s first term. People should be living in homes, they shouldn’t be on corporate balance sheets.”
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“Mansion Global” host Katrina Campins praises President Donald Trump’s planned move to block “institutional investors” from purchasing single-family homes under the “Making Money” program.
FOX Business previously reported that it was unclear what legal authorities the president would invoke to ban institutional businesses from buying homes, or what additional steps he advocated Congress take.
“I’m very confident that this will be accomplished. You will see executive action from him, and shortly thereafter he will codify it with Congress,” Pulte said.
Eric Revell of FOX Business contributed to this report.
