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illuminem summarises for you the essential news of the day. Read the full piece on The Wall Street Journal or enjoy below:
🗞️ Driving the news: Bill Pulte — the outspoken Trump ally leading the Federal Housing Finance Agency (FHFA), regulator of Fannie Mae and Freddie Mac — is drawing intense scrutiny inside the White House
• Nicknamed “Little Trump”, Pulte has used confrontational tactics, including bringing a “Ghostbusters-style” poster to the Oval Office accusing officials of leaking information, according to people familiar with the meeting
🔭 The context: Pulte, a wealthy social-media personality turned regulator, has taken an unusually aggressive approach for a low-profile but powerful post
• He has sparred with senior administration figures, pushed for rapid personnel changes, clashed with agency career staff, and pressured mortgage-industry stakeholders
• While President Trump values loyalty and showmanship, some top aides worry Pulte’s behaviour could destabilise housing-finance policy and create political distractions in a sensitive market
• FHFA oversees entities backing roughly half of U.S. mortgages, giving Pulte’s leadership significant influence over lending costs and market stability
🌍 Why it matters for the planet: Housing policy affects land use, construction standards and mortgage incentives — all key levers for energy efficiency, climate resilience and sustainable urban development
• Leadership volatility at FHFA could slow efforts to green the U.S. housing stock
⏭️ What’s next: Internal friction is expected to intensify as Pulte pursues more assertive reforms amid rising White House concern
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