"In his governmental role, which he assumed in March, Pulte has continued to use X as a megaphone. Over the last six months, he has posted at least 13 official orders on his personal account - and they don't appear to be posted publicly anywhere else. The practice is unusual for the head of an agency that regulates Fannie Mae and Freddie Mac, the two housing-finance companies under federal conservatorship central to the $21 trillion residential mortgage market."
"Former FHFA employees said they couldn't recall learning about orders on Twitter or social media before. Former FHFA officials and a legal expert said publishing directives - including one instructing the companies to consider cryptocurrency assets in mortgage underwriting - on a personal social media account raised concerns about legality and how those inside and outside the industry are supposed to track changes that could affect lenders, investors, and tenants."
Bill Pulte, who owns shares in X, has used his personal X account to post at least 13 official Federal Housing Finance Agency orders since becoming director in March. Several of those orders do not appear on agency websites or in the Federal Register and include directives rolling back climate and tenant protections and instructing Fannie Mae and Freddie Mac to consider cryptocurrency assets in mortgage underwriting. Former FHFA officials called the practice confusing and concerning, noting they could not recall orders being announced on social media before. Legal experts raised questions about the legality and transparency of publishing agency directives solely on a personal platform.
Read at Business Insider
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