US government-sponsored enterprise shaping the mortgage market
President Donald Trump has named Bill Pulte, the Federal Housing Finance Agency director and chair of Fannie Mae and Freddie Mac, as acting director of national intelligence. Pulte will keep his housing posts, has no known intelligence experience and can serve up to 210 days without Senate confirmation, prompting bipartisan concern about politicising the intelligence community.
Congress has passed the 21st Century ROAD to Housing Act with overwhelming bipartisan majorities to speed construction, restrict corporate buyers and ease federal rules. President Donald Trump has cancelled a planned signing and said he will not sign until Congress passes voter ID and other measures in his proposed SAVE America Act, leaving the legislation’s enactment uncertain.
Reef Capital Partners has secured $431 million in financing for the Coco Palms project in Kaua‘i, aiming for a 2028 opening as A Kimpton Resort. Lenders include X-Caliber and CastleGreen Finance under the C-PACE program. Despite funding, public confidence remains cautious given decades of delays and legal obstacles.
The interim Director of National Intelligence has begun a new round of firings within the U.S. intelligence community, as President Trump presses for rapid staff changes. The White House and DNI have not commented. The move follows reports that the administration aims to remove officials deemed loyal to opponents and to expand access to sensitive data.