On
Wednesday,
Anthony
Pompliano,
the
founder
and
CEO
of

Professional
Capital
Management,

posted
a
video
of
a
“recent
conversation”
between
him
and
Pulte
on
X.
Pompliano
asked
Pulte
about
his
plans
to
lower
interest
rates
and
housing
costs
while
increasing
government
productivity.

“We
have
16,000
people
at
Fannie
Mae
and
Freddie
Mac,
and
most,
if
not
all
of
them,
90%
of
them,
were
working
from
home
still.
…
How
can
we
help
write
mortgages
if
we
don’t
have
people
working
in
the
office?”
Pulte
said.

“So
we’ve
ordered
everybody
back
to
work.
People
are
very
happy
to
be
back
to
work.
We’re
going
to
see
productivity
increase.
We’re
also
taking
costs
out.
…
Now,
the
other
thing
that
we’re
doing,
in
addition
to
taking
out
costs,
is
looking
at
rolling
back
all
of
the
Biden
(administration’s)
onerous
regulations,
stuff
that
wasn’t
needed,”
he
added.

Pulte
expressed
confidence
in
President

Donald
Trump‘s
plans
to
lower
inflation
and
interest
rates.
He
was
also
asked
about
the
potential
of
returning
the
GSEs
to
the
private
sector.

“Conservatorship
shouldn’t
be
forever.
However,
I
think
that
if
it’s
to
be
done,
it
needs
to
be
done
extremely
thoughtfully
and
carefully,”
Pulte
said.
“And
[Treasury]
Secretary

(Scott)
Bessent
and
I
are
very
much
aligned.
And
also
I
think
that
the
president,
ultimately,
will
be
obviously
in
control
of
this
decision
and
we’ll
defer
to
his
experience.

“…
I
think,
first
and
foremost,
is
to
make
sure
that
anything
that’s
done
doesn’t
affect
the
mortgage
market
in
a
negative
way.”

When
asked
about
the
number
of
workers
he
imagines
Fannie
Mae
and
Freddie
Mac
having
in
four
years,
Pulte
declined
to
provide
an
exact
figure.

“I
don’t
want
to
give
a
specific
number
about
people
and
whatnot.
…
We’re
hoping
to
see
that
people
will
elevate
and
lift
themselves
up,
and
start
to
get
productive
and
come
up
with
ideas
to
cut
costs,”
he
said.

Tackling
fraud

Pulte
has
been
vocal
on
X
about
his
plans
to
control
and
mitigate
rampant
fraud
in
the
industry.

“Mortgage
fraud
is
a
big
problem.
And
in
my
opinion,
mortgage
fraud
contributes
to
excessive
costs,
because
if
you
have
fraud
and
people
can’t
depend
on
certain
things,
and
they
can’t
depend
on
representations,
they
have
to
price
in
that
risk
of
fraud,”
Pulte
told
Pompliano.
“We
can’t
have
another
2008
again.”

Pulte
added
that
he’s
observed
cases
of
income
fraud,
occupancy
fraud
and
people
“fudging
the
numbers”
on

loan
applications.

Over
the
long
term,
Pulte
discussed
“restoring
the
American
dream”
and
working
alongside

Scott
Turner,
the
secretary
of
the


U.S.
Department
of
Housing
and
Urban
Development
(HUD).

“I
don’t
think
people
understand
how
bad
the
housing
market
was
under

Biden,
and
I
don’t
think
that
they
understand
the
damage
that
was
done
with
all
of
this
bureaucracy
that
we’re
now
having
with
federal
housing,”
he
said.

“I
mean,
you
add
all
of
this
kind
of

compliance
and
all
this
type
of
stuff,
and
that,
coupled
with
the
inflation
under
Biden,
it
was
a
big
problem,
and
we’re
working
very
hard
to
reverse
it.”

When
asked
about
the
10-year
Treasury,
Pulte
did
not
comment
on
a
“magic
number”
that
would
“unlock”
the
housing
market.

“I’ll
just
say
this,
I
don’t
think
that
the

tariffs
were
or
are
as
impactful
as
many
had
feared
on
the
housing
and
homebuilding
industry,”
Pulte
stated.