The StoneZONE with Roger Stone

00:00:00.000 The Stone Zone, on the Red Apple Podcast Network.

00:00:15.860 This is The Stone Zone, with Roger Stone.

00:00:19.760 People love him and respect him, Roger Stone.

00:00:22.440 Now, get in the zone, it's The Stone Zone.

00:00:26.420 Here's Roger Stone.

00:00:27.980 Welcome. You are entering The Stone Zone, and we've got one big, beautiful show for you.

00:00:36.560 Today is indeed a historic day, as the U.S. House of Representatives has passed the greatest single tax reduction bill in its history,

00:00:46.760 the so-called Big Beautiful Bill, as President Donald Trump has called it,

00:00:51.060 as historic as the Reagan tax cuts, as historic as the Kennedy tax cuts in the 1960s,

00:00:58.860 and in the tradition of the Trump tax cuts, which this bill continues, or I should say renews as of January,

00:01:08.660 the U.S. House of Representatives passed the bill 2015 to 2014 without a single vote from a Democrat.

00:01:18.240 In other words, the Democrats in the House voted against the greatest single tax cut on the working people of America in our history.

00:01:27.280 The big, beautiful bill passed late last night.

00:01:33.100 The president celebrated the bill's passage on true social writing.

00:01:37.160 The one big, beautiful bill has passed the House of Representatives.

00:01:40.740 This is arguably the most significant piece of legislation that will ever be signed in the history of our country.

00:01:47.500 The bill includes massive tax cuts across the board.

00:01:51.220 The idea that the tax cuts are just for the wealthy is propaganda.

00:01:55.840 It's a lie.

00:01:57.140 But no tax on tips.

00:01:59.540 No tax on overtime.

00:02:01.520 No tax on Social Security.

00:02:03.840 Tax deductions when you purchase an American-made automobile or truck,

00:02:09.180 along with strong border measure increased funding.

00:02:13.820 Pay raises for our ICE and Border Patrol agents.

00:02:17.700 Funding for the Golden Dome.

00:02:19.980 That's the strategic defense initiative in which, like Israel, America will now be protected from incoming ICBM missiles. 0.50

00:02:31.120 This is a great idea.

00:02:32.540 It goes back to the days of Ronald Reagan.

00:02:35.320 The liberals used to deride it as Star Wars, but we have seen it protect Israel, and it can protect America.

00:02:43.680 By the way, the one for the Eastern Seaboard should be put at Fort Drum in upstate New York.

00:02:50.380 Congress has voted for that, but now the funding for it, but they're dragging their feet.

00:02:55.320 The bill passed by the House includes Trump saving accounts for newborn babies and much, much more.

00:03:01.520 I give credit to Speaker Mike Johnson and the House leadership for rounding up the votes.

00:03:10.040 Incredibly, Congressman Garbarino of New York didn't show up.

00:03:16.420 He said he fell asleep.

00:03:18.640 Really, that's disgraceful.

00:03:20.800 Falling asleep when there's a vote on the single most important legislation, perhaps, in American history.

00:03:27.160 So now, of course, all eyes are on the U.S. Senate.

00:03:30.700 We have to see what the Senate will do.

00:03:33.360 There is no time to waste.

00:03:35.180 The Democrats have lost control of their party.

00:03:38.540 They're aimlessly wandering around, showing no confidence, no grit, but above all, no agenda.

00:03:44.660 No agenda to help the hard-pressed, working, middle-class taxpayers of America.

00:03:52.160 No, nothing to help the family.

00:03:55.200 They literally have no agenda other than we hate Trump.

00:04:00.960 Not very attractive.

00:04:02.460 They've forgotten their landslide loss already in the presidential election.

00:04:06.580 They're warped in the past, hoping someday to revive open borders, I guess,

00:04:11.580 so the world's criminals can continue to pour into our country. 0.86

00:04:15.840 So, once again, men will be able to play in women's sports and transgender for everything.

00:04:21.360 The Democrats don't seem to realize that these things, like so many more like them, will never, ever happen again.

00:04:29.380 The bill passed would not only extend the President's 2017 tax cuts as of January,

00:04:35.380 but, as I said, boosts the child tax credit, offers an additional $4,000 deduction for seniors,

00:04:41.840 and puts an end to the absurd, pointless, ineffective green tax initiatives.

00:04:48.480 Evidently, former President Barack Obama is extremely upset about the bill passing,

00:04:53.560 saying on Twitter that Republicans in Congress are trying to push through a bill

00:04:57.900 that would put millions at risk for losing their health care.

00:05:01.720 They want to cut federal funding for Medicaid.

00:05:04.320 That's what's called a lie, ladies and gentlemen.

00:05:07.320 The Democrats do this every two or four years.

00:05:09.920 In reality, it's the illegal immigrants in this country who will no longer be able to get the Medicaid benefits

00:05:18.080 that they never were eligible to get in the first place.

00:05:21.800 Could that be what Barack Obama is talking about?

00:05:25.260 Meanwhile, Ed Martin, you remember him,

00:05:28.220 he was appointed by President Donald Trump to be the U.S. Attorney for the District of Columbia,

00:05:33.340 only to have his nomination derailed by one rhino senator, Tom Tillis, from North Carolina. 0.98

00:05:42.180 Tillis, who I now hope will face a vigorous challenge in the Republican primary for re-election in 2026.

00:05:49.980 But Ed Martin was immediately appointed by President Donald Trump to be a deputy attorney general

00:05:57.300 and to head a task force on the weaponization of the Justice Department under Joe Biden.

00:06:07.080 The DOJ pardon attorney and deputy attorney general has now revealed

00:06:12.120 that a semen-air Democrat whistleblower has come forward with shocking allegations

00:06:17.200 regarding the Joe Biden auto pen scandal.

00:06:21.640 You're familiar with this.

00:06:22.740 This is where they used an auto pen to sign pardons,

00:06:27.200 not just for Joe Biden's political cronies like Adam Schiff and Nancy Pelosi

00:06:33.560 and Dr. Anthony Fauci and others,

00:06:37.380 but also for hardened criminals, murderers, drug dealers,

00:06:43.000 those involved in child sex trafficking,

00:06:47.380 people who have shown no remorse,

00:06:49.480 people who never even applied for pardons.

00:06:52.740 The Justice Department is reviewing now all of Biden's last-minute pardons

00:06:57.740 because they were never done with a real presidential signature.

00:07:02.980 We know that President Biden personally signed the pardon for his son and his brother,

00:07:09.200 but when it comes to the others,

00:07:11.300 it appears that virtually all of them, more than 1,500 pardons,

00:07:15.660 were signed with an auto pen.

00:07:17.680 I have identified Neera Tanden and Steve Nelson,

00:07:22.600 two key Biden aides of those who had control of the auto pen,

00:07:28.920 not to mention Ron Klain, the former White House chief of staff.

00:07:34.680 But a whistleblower came to Ed Martin 10 days ago,

00:07:39.460 very, very senior Democrat,

00:07:41.180 and named the three people who had access,

00:07:45.000 claiming that they were being paid,

00:07:46.860 meaning it was a side gig.

00:07:49.120 They were making money out of it.

00:07:52.220 Now, we have not had a full investigation.

00:07:54.400 At this point, that is merely an allegation.

00:07:57.700 But the point, of course,

00:07:58.520 is that we do need to get to the bottom of it

00:08:01.900 for the sake of the American people

00:08:04.100 and to protect the process.

00:08:05.660 And that is what Ed Martin has pledged to do.

00:08:09.960 Although Martin could not reveal the whistleblower's name,

00:08:13.280 he said the senior Democrat whistleblower

00:08:15.800 worked as a high-level advisor to Joe Biden's 2020 campaign.

00:08:20.760 Martin also said the Biden pardons are unprecedented,

00:08:23.540 added that a couple of the people involved in the scandal

00:08:25.660 have already lawyered up.

00:08:27.820 I just named names.

00:08:29.200 Perhaps others won't do so, but I just did.

00:08:32.260 What Martin did reveal is that the three gatekeepers

00:08:35.300 who are allegedly selling access to the auto pen

00:08:38.280 included Ron Klain and Chairman Mao fanatic Anita Dunn,

00:08:44.840 as well as Biden attorney Bob Bauer.

00:08:48.760 Those are in addition to Neera Tenden and Steve Nelson,

00:08:52.660 two that I named based on my own sources.

00:08:56.200 Martin said that Biden counsel Steve Reschetti

00:08:59.160 and Jill Biden also were lead characters 0.98

00:09:02.580 in this auto pen scandal.

00:09:05.560 And they too will have to be investigated.

00:09:09.740 Yesterday, of course, you would have to be living under a rock

00:09:13.680 if you didn't see President Donald Trump

00:09:15.460 confronting South African President Cyril Ramaphosa

00:09:20.080 in the Oval Office on Wednesday,

00:09:22.360 during which Trump confronted the South African leader

00:09:25.340 about the violent persecution being faced

00:09:28.140 by white residents of his country.

00:09:31.200 This comes as the U.S. has accepted Afrikaner refugees,

00:09:36.380 56 of them, while fielding questions from reporters.

00:09:39.860 One asked Trump,

00:09:40.920 what does it take from you to be convinced

00:09:43.220 that there's no white genocide in South Africa?

00:09:46.980 The president of South Africa then interrupted and said,

00:09:50.320 well, if I can answer that for the president,

00:09:52.280 it will take president listening to the voices of South Africans,

00:09:55.500 some of whom are his good friends,

00:09:57.060 like those who are here when we have talks between us.

00:10:00.420 I'm not going to be repeating what I've already said.

00:10:03.200 I would say there is no Afrikaner farmer genocide.

00:10:06.800 I can bet you these gentlemen would not be here,

00:10:09.300 including my minister of agriculture,

00:10:11.220 who would not be with me if that was the case.

00:10:13.920 The president immediately not only showed a video,

00:10:18.560 but produced dozens of news stories

00:10:21.900 covering the violent deaths

00:10:24.360 and the seizing of lands of white farmers in South Africa.

00:10:28.860 It's interesting to me that through this entire time,

00:10:32.860 Elon Musk, who of course comes from South Africa,

00:10:36.900 today a U.S. citizen,

00:10:38.740 glared at the president of South Africa

00:10:41.600 because, well, I think Elon knew

00:10:43.740 that the president of South Africa was lying.

00:10:47.140 Trump directed the lights be turned down

00:10:49.220 and they showed that shocking video,

00:10:52.180 which appeared to be a rally from the president's party,

00:10:55.960 in which various speakers, singers, and dancers

00:10:59.240 were calling for the murder of white South Africans.

00:11:04.200 The video clip played said

00:11:06.380 that killing is part of the revolution.

00:11:08.360 They can take land when they feel like it

00:11:10.880 without compensation,

00:11:12.220 and they were chanting,

00:11:13.740 kill the boar,

00:11:15.080 which is what white South Africans are called.

00:11:18.500 Additional footage played with Trump explaining

00:11:20.800 that these were the burial sites

00:11:23.020 of over 1,000 white farmers in South Africa.

00:11:26.700 You can see the crosses.

00:11:29.400 If those were not grave sites, what were they?

00:11:32.860 It was a terrible site, as the president said.

00:11:35.420 I've never seen anything like it.

00:11:37.160 Have they told you what that is, Mr. President?

00:11:40.820 I'd like to know what that is

00:11:41.860 because the president of South Africa

00:11:43.660 claims he had never seen that.

00:11:46.240 The president, as I say,

00:11:47.500 leafed through a stack of printed articles

00:11:50.620 saying these are the articles

00:11:52.060 over the last couple of days.

00:11:53.360 Death of people.

00:11:54.640 Death, death, death, horrible deaths.

00:11:57.760 He noted articles about white South Africans

00:12:00.120 fleeing their home country due to violence.

00:12:02.320 A white South African company

00:12:03.700 was violently attacked

00:12:04.760 and burial sites

00:12:06.360 that have been documented across the country.

00:12:08.700 When you look at the videos,

00:12:10.420 I mean, how does it get any worse,

00:12:12.160 the president said.

00:12:13.540 And these are people that are officials.

00:12:15.400 They're people saying,

00:12:16.380 kill the white farmer and take their land. 0.94

00:12:18.720 I have other friends in South Africa,

00:12:20.920 those who have left.

00:12:22.200 One in particular says,

00:12:23.360 you cannot safely go there.

00:12:25.100 He said they want to take your land

00:12:26.920 and they want to kill you. 0.69

00:12:28.360 Again, the president of South Africa claimed

00:12:30.940 that speeches in the clips

00:12:32.360 are not government policy.

00:12:34.760 In South Africa,

00:12:35.940 people are allowed to express themselves.

00:12:39.440 It was disgraceful.

00:12:41.640 In the meantime,

00:12:42.840 Robert F. Kennedy Jr.

00:12:44.360 singled out four potential causes

00:12:46.100 for the crisis impacting

00:12:48.200 nearly half of America's children.

00:12:50.540 The HH secretary pointed

00:12:52.140 to four potential causes

00:12:53.380 of childhood chronic disease

00:12:55.440 and a bombshell report

00:12:56.800 that was released Thursday.

00:12:58.940 The first step in Trump's administration's plan

00:13:01.280 to reverse what he calls

00:13:02.460 a crisis impacting 40% of America's kids.

00:13:06.640 This is the movement

00:13:08.520 to make America healthy again.

00:13:11.680 The port identified poor diet,

00:13:14.280 environmental chemicals,

00:13:15.700 lack of physical activity,

00:13:17.220 and chronic stress,

00:13:18.540 as well as the over-medicalization

00:13:21.480 of our children

00:13:22.900 as the possible causes

00:13:24.820 for the persistent maladies,

00:13:27.320 including obesity,

00:13:29.020 autism, cancer,

00:13:30.400 mental health issues,

00:13:31.720 and allergies.

00:13:32.900 When we come back,

00:13:34.420 the head of the

00:13:35.840 Federal Housing Finance Agency,

00:13:38.760 William Pulte,

00:13:39.620 is going to join us

00:13:40.620 and talk to us about

00:13:41.840 President Donald Trump's commitment

00:13:43.620 to make housing affordable

00:13:45.920 in America again.

00:13:47.420 So whatever you do,

00:13:48.580 don't touch that dial.

00:13:49.920 We'll be right back

00:13:51.120 in the Stone Zone

00:13:52.000 after these messages.

00:13:53.200 The Stone Zone

00:13:55.140 on the Red Apple Podcast Network.

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00:14:34.540 The Stone Zone

00:14:36.040 on the Red Apple Podcast Network.

00:14:40.480 Welcome back in the Stone Zone.

00:14:42.740 We're joined now by William Pulte.

00:14:45.180 Bill Pulte is a dynamic

00:14:47.440 American businessman,

00:14:48.740 philanthropist,

00:14:49.460 who was appointed

00:14:50.180 as director of the Federal

00:14:52.060 Housing Finance Agency

00:14:53.580 by President Donald Trump

00:14:54.780 and confirmed by the U.S. Senate

00:14:56.140 in March of 2025.

00:14:59.480 He is a successful entrepreneur

00:15:01.420 and businessman.

00:15:02.440 He is the grandson

00:15:03.340 of William J. Pulte,

00:15:05.040 the founder of Pulte Group,

00:15:06.460 one of the nation's largest

00:15:07.620 and best-known homebuilders.

00:15:09.640 He is a former director

00:15:10.680 of Pulte Homes

00:15:11.440 and the chief executive officer

00:15:13.260 of Pulte Capital Partners

00:15:14.460 before joining the government.

00:15:16.320 And now, I believe Bill Pulte's appointment

00:15:18.580 demonstrates President Donald Trump's pledge

00:15:22.120 to make housing affordable again

00:15:24.400 and to expand the affordable housing

00:15:27.660 across the country.

00:15:28.720 Bill Pulte, welcome to the Stone Zone.

00:15:31.380 Thank you, Roger.

00:15:32.140 Always good talking to you.

00:15:34.060 So, we have a little bit of time

00:15:35.920 before we have to go to break

00:15:36.940 and then we'll have more time

00:15:38.020 to talk about your commitment

00:15:39.500 to President Trump's agenda

00:15:40.940 to make housing more affordable

00:15:42.940 and to extend the housing stock in America.

00:15:45.500 But how did you find things

00:15:47.540 when you were first appointed

00:15:48.660 to the Federal Housing Finance Agency?

00:15:51.240 You have oversight of both Fannie Mae

00:15:53.380 and Freddie Mac,

00:15:54.400 two of the most important engines

00:15:56.520 for financing of homes in America.

00:15:59.220 But I remember you telling me

00:16:00.020 that virtually nobody

00:16:01.260 was showing up for work.

00:16:02.940 Yeah, we had 16,000 people, Roger,

00:16:04.760 if you can believe that.

00:16:05.680 And most all of them

00:16:06.780 were not going to work.

00:16:08.440 And it's crazy to think about it

00:16:09.580 because these are the two largest companies

00:16:11.340 in terms of asset size in the world.

00:16:13.360 Roger, we have,

00:16:14.380 and Americans have these two companies,

00:16:16.100 Fannie Mae with $4.4 trillion in assets.

00:16:20.260 Can you believe that?

00:16:21.040 And $3.4 trillion at Freddie Mac.

00:16:23.260 These are huge American icons.

00:16:25.440 And until President Trump

00:16:26.400 showed up on the scene,

00:16:27.600 as far as I'm concerned,

00:16:28.920 no other presidents really gave a damn

00:16:30.580 about these two companies.

00:16:33.300 You told me a great story,

00:16:34.720 which I'm going to ask you to repeat.

00:16:35.660 You told a driver to take you

00:16:37.640 to one of their corporate headquarters

00:16:39.200 and he didn't know where it was

00:16:41.200 because he'd never been there.

00:16:42.280 Yeah, he said,

00:16:43.280 I don't think those exist.

00:16:44.320 I wanted to go to the Fannie Mae office

00:16:46.280 in Virginia

00:16:47.300 and the Freddie Mac office in Virginia.

00:16:49.160 And he said,

00:16:49.900 Sir, I don't think we have offices out there.

00:16:52.200 And this is the guy

00:16:52.840 who had been with all of the directors

00:16:54.220 since inception.

00:16:55.220 So, look,

00:16:56.900 you know,

00:16:57.160 it is what it is.

00:16:58.220 What's happened in the past has happened.

00:16:59.880 But now we're in the driver's seat

00:17:01.240 and we're affecting positive change.

00:17:02.760 We've been on the job eight weeks

00:17:03.960 and we're moving at lightning speed

00:17:06.340 because President Trump

00:17:07.540 was given a mandate

00:17:08.300 and we are doing everything we can

00:17:10.220 to fill that out.

00:17:11.460 When we come back,

00:17:12.720 I'm going to ask Bill Pulte

00:17:14.360 about this truth social post

00:17:16.180 by President Donald Trump.

00:17:17.540 He said yesterday,

00:17:18.520 I'm giving very serious consideration

00:17:20.800 to bringing Fannie Mae

00:17:22.440 and Freddie Mac public.

00:17:23.920 I'm speaking with Treasury Secretary

00:17:25.440 Scott Besant,

00:17:26.920 Secretary of Commerce Howard Lutnick

00:17:28.400 and Director of the Federal Housing Finance Agency,

00:17:31.280 William Pulte, among others,

00:17:32.760 who will be making a decision

00:17:33.780 in the near future.

00:17:35.400 Fannie Mae and Freddie Mac

00:17:36.540 are doing very well,

00:17:37.540 throwing off a lot of cash.

00:17:38.760 And the time would seem right

00:17:41.080 to take them public.

00:17:42.620 So stay tuned.

00:17:43.740 When we come back,

00:17:44.420 I'm going to ask Bill Pulte

00:17:45.380 about that potentially historic posting

00:17:48.420 on social media

00:17:49.180 by President Donald Trump

00:17:50.640 and talk about the prospects

00:17:52.800 for more affordable housing,

00:17:54.540 which is the marching order

00:17:55.820 that President Trump

00:17:56.760 has clearly given

00:17:57.640 the agency director, Bill Pulte,

00:17:59.940 who joins us today.

00:18:01.180 Thanks for joining us

00:18:02.300 in the Stone Zone today.

00:18:04.280 Bill Pulte probably knows more

00:18:06.320 about housing than anybody I know.

00:18:09.420 Like Donald Trump,

00:18:10.400 he's a businessman.

00:18:11.360 He doesn't come from government

00:18:12.240 or politics.

00:18:13.140 He comes from the private sector.

00:18:15.060 I'm anxious to get his answers

00:18:16.660 on the other side.

00:18:18.020 Whatever you do,

00:18:18.720 don't touch that dial

00:18:19.800 because we'll be right back

00:18:20.800 in the Stone Zone

00:18:21.480 in just a few minutes.

00:18:22.560 The Stone Zone

00:18:24.460 on the Red Apple Podcast Network.

00:18:33.380 The Stone Zone

00:18:34.920 on the Red Apple Podcast Network.

00:18:39.280 Welcome back to the Stone Zone.

00:18:41.400 We're talking to Bill Pulte.

00:18:43.560 He was appointed director

00:18:45.140 of the Federal Housing Finance Agency

00:18:47.740 by President Donald Trump.

00:18:49.380 And in that role,

00:18:50.180 he takes very seriously

00:18:52.280 his charge from President Trump

00:18:54.020 to make housing affordable

00:18:56.680 for all Americans.

00:18:58.580 Again, he has already enacted

00:19:02.140 incredible reforms

00:19:03.940 at that agency.

00:19:04.900 Bill, let me ask you,

00:19:05.960 how have inflation

00:19:07.080 and the interest rates

00:19:08.280 affected the current housing market?

00:19:10.220 And this is a matter

00:19:11.720 of personal opinion.

00:19:12.580 Do you think the Federal Reserve

00:19:14.000 should cut rates

00:19:15.380 to create a further housing boom

00:19:18.220 in America?

00:19:18.740 Well, I agree

00:19:20.360 with all of President Trump's comments

00:19:21.900 on the Fed needing

00:19:22.680 to lower rates.

00:19:23.640 I would say that

00:19:24.660 the inflation under Biden,

00:19:26.440 and we all know this,

00:19:27.620 was astronomical.

00:19:29.180 And what happens

00:19:29.900 for people who don't know

00:19:31.300 about mortgage rates

00:19:32.140 and why mortgages

00:19:32.900 are so unaffordable

00:19:33.800 is mortgage rates

00:19:35.240 generally track inflation rates.

00:19:37.580 So when inflation goes up,

00:19:39.340 often mortgage rates go up.

00:19:40.940 And the reason for that

00:19:43.140 is basically that,

00:19:44.200 you know,

00:19:44.720 when inflation goes up,

00:19:46.240 people want to use interest rates

00:19:47.500 to keep inflation down.

00:19:49.180 And so now we've got

00:19:49.980 the situation

00:19:50.740 that is a total mess

00:19:52.300 that was created

00:19:53.020 in the last four years.

00:19:54.400 And Roger,

00:19:55.320 we're working every day

00:19:56.800 to reverse the damage

00:19:58.140 that's occurred

00:19:58.680 in the last four years.

00:20:00.140 I'm incredibly optimistic

00:20:01.560 that the president's

00:20:02.480 going to be able

00:20:02.900 to turn around

00:20:03.400 the housing market

00:20:04.140 and make houses

00:20:05.460 affordable again,

00:20:06.420 but we definitely

00:20:07.760 have our work

00:20:08.400 cut out for us.

00:20:09.180 Yeah, you recently upset

00:20:11.300 the Democrats

00:20:11.980 by firing

00:20:13.180 the chief executive officers

00:20:15.120 of both Freddie Mac

00:20:16.600 and Fannie Mae,

00:20:17.960 appointing yourself,

00:20:19.240 chairman,

00:20:19.620 because, of course,

00:20:20.280 you report directly

00:20:21.440 to President Donald Trump.

00:20:23.260 What made these moves necessary?

00:20:25.460 Well, we saw a lot

00:20:26.700 of fraud in the companies,

00:20:27.680 and we frankly

00:20:29.100 were frustrated

00:20:30.380 with some of the

00:20:31.640 poor decisions

00:20:32.820 that were being made.

00:20:33.760 And, you know,

00:20:34.140 like any good manager,

00:20:35.120 when you come in

00:20:35.860 and you don't think

00:20:36.480 that things are being done right,

00:20:37.520 you take what the required action is.

00:20:39.720 And so we went in

00:20:40.500 and we took the action.

00:20:41.560 And I'll tell you,

00:20:42.420 the best thing we ever did

00:20:43.620 was become chairman

00:20:45.080 because that gives you

00:20:46.700 the ability

00:20:47.160 to actually control things.

00:20:49.360 And when you're responsible

00:20:50.680 for things,

00:20:51.260 you need to be able

00:20:51.860 to control the outcome.

00:20:53.440 I don't know how anyone

00:20:54.400 can get anything done

00:20:55.580 if they're accountable

00:20:56.260 for something

00:20:56.920 and they have no influence

00:20:59.120 on the outcome.

00:21:00.080 And as you know, Roger,

00:21:01.300 these companies,

00:21:02.160 or said differently,

00:21:03.460 anything that is affiliated

00:21:04.620 in any way

00:21:05.280 with the government,

00:21:06.480 you know,

00:21:06.660 they have almost

00:21:07.600 like a deep state to them.

00:21:09.680 In other words,

00:21:10.200 there's these people

00:21:10.960 who just do not want

00:21:12.620 progress to happen.

00:21:14.440 And, you know,

00:21:15.300 what's funny is

00:21:15.920 when you think

00:21:16.640 somebody's on your side

00:21:17.660 and then you find out

00:21:18.700 that they really aren't,

00:21:20.760 you know,

00:21:21.160 that's the deep state.

00:21:22.820 It's where you don't think

00:21:23.680 that people are going

00:21:24.300 to show up.

00:21:24.820 And so we were just a fan

00:21:26.460 of, you know,

00:21:27.520 getting rid of the cancers

00:21:29.280 that we believe were there.

00:21:30.560 And then, you know,

00:21:31.860 hopefully the businesses

00:21:32.680 will be stronger

00:21:33.400 than ever before.

00:21:34.140 And I can tell you, Roger,

00:21:35.120 Danny May and Freddie Mac

00:21:36.700 are stronger than ever.

00:21:38.200 So you mentioned

00:21:39.600 finding a lot of mortgage fraud

00:21:41.060 after digging around

00:21:42.040 in your new position.

00:21:43.120 Is the fraud anywhere

00:21:43.780 near the level

00:21:44.720 of mortgage fraud

00:21:45.920 that we saw

00:21:46.480 in like 2007, 2008

00:21:48.420 that caused 0.77

00:21:49.500 a mortgage crisis

00:21:50.540 back then?

00:21:51.640 No, I don't think so.

00:21:52.720 But as you know,

00:21:53.340 we want to avoid

00:21:54.080 the slippery slope

00:21:54.920 and we want to stop

00:21:55.660 mortgage fraud

00:21:56.260 where it is.

00:21:57.460 You know,

00:21:57.660 I referred Letitia James 0.77

00:22:00.140 to the Department of Justice,

00:22:01.300 you may have seen,

00:22:02.100 for what we believe

00:22:04.260 to be mortgage fraud.

00:22:05.560 You know,

00:22:05.740 I don't want to comment

00:22:06.380 too much beyond that letter,

00:22:07.680 but I would say to you,

00:22:08.620 generally speaking, Roger,

00:22:10.220 that, you know,

00:22:11.360 there is an issue

00:22:12.320 in this country

00:22:12.920 where people are claiming

00:22:14.220 that they live in one state

00:22:15.400 and going and buying

00:22:16.540 property in another.

00:22:18.060 There is also a situation

00:22:19.420 where people are

00:22:20.000 overstating their earnings.

00:22:21.580 There's also situations

00:22:22.800 where people are claiming

00:22:23.740 that, you know,

00:22:24.500 they have more units

00:22:25.460 in building

00:22:25.940 or less units

00:22:27.380 in buildings

00:22:27.960 in order to get access

00:22:29.220 to financing

00:22:29.940 that would only be available

00:22:31.320 at certain levels.

00:22:32.240 So, you know,

00:22:33.220 we are taking

00:22:34.040 a very strong approach to it.

00:22:35.740 It doesn't matter, Roger,

00:22:36.780 whether you're a politician

00:22:37.780 or whether you have

00:22:38.760 an Esquire after your name.

00:22:40.300 If you commit mortgage fraud

00:22:41.580 in this country,

00:22:42.180 we are going to come after you,

00:22:43.640 period.

00:22:44.360 Well, no person

00:22:45.180 is above the law.

00:22:46.640 I forget it was

00:22:47.180 who said that,

00:22:47.960 but I think she's

00:22:48.760 about to find out.

00:22:50.260 Bill, your reaction

00:22:51.440 to the passage last night

00:22:53.540 of, I think,

00:22:54.020 the single largest tax cut

00:22:55.360 in American history

00:22:56.220 by the House Republicans.

00:22:58.320 Well, it's following

00:22:59.100 from the president's mandate

00:23:00.260 and obviously,

00:23:02.060 you know,

00:23:02.580 the president's mandate

00:23:03.360 speaks for itself.

00:23:04.420 Look at what's happening

00:23:05.240 now with the House

00:23:05.860 of Representatives.

00:23:06.620 I'm sure the Senate

00:23:07.200 will pass it

00:23:07.900 in due course,

00:23:09.180 hopefully, God willing,

00:23:10.560 and we'll be off

00:23:11.320 to the races.

00:23:12.140 But look,

00:23:12.700 we got a lot of work

00:23:13.440 ahead of us, Roger.

00:23:14.240 These last four years,

00:23:15.320 what happened with inflation

00:23:16.380 and what happened

00:23:17.060 with housing costs,

00:23:18.580 you know,

00:23:18.920 President Trump

00:23:19.400 doesn't get much credit,

00:23:20.280 but he's been able

00:23:21.260 to bring down

00:23:21.920 the inflation

00:23:22.520 and housing costs.

00:23:24.140 And I wish

00:23:24.980 that would be reported more.

00:23:27.400 I saw in an interview

00:23:28.620 you said

00:23:29.100 there are a lot

00:23:29.620 of things

00:23:30.040 that were put in place

00:23:30.820 during the first

00:23:31.540 Trump administration

00:23:32.440 that the Biden

00:23:33.660 administration canceled

00:23:34.860 and that you have

00:23:36.620 brought back.

00:23:37.400 Can you mention a few?

00:23:39.520 Well, we've brought

00:23:40.100 just back

00:23:40.660 getting rid of

00:23:41.240 all of the bureaucracy,

00:23:42.520 even from the Obama era,

00:23:43.700 if you can believe it.

00:23:44.460 I mean,

00:23:44.660 we still have regulations

00:23:45.760 that are just complete

00:23:47.300 and utter nonsense

00:23:48.380 that have been in place

00:23:50.540 since Obama

00:23:51.200 that were requiring

00:23:53.300 all this bureaucracy,

00:23:55.060 all of this reporting.

00:23:56.160 Roger,

00:23:57.480 I mean,

00:23:57.760 we've saved

00:23:58.300 almost $100 million.

00:24:00.140 Think about that.

00:24:00.780 $97 million

00:24:01.820 is the exact number

00:24:03.020 that I was told

00:24:03.660 by the CFO of Fannie Mae.

00:24:05.860 $97 million

00:24:07.220 just by getting rid

00:24:08.760 of useless reporting,

00:24:11.340 useless bureaucracy

00:24:12.400 at Fannie Mae alone.

00:24:14.700 I mean,

00:24:14.880 these numbers

00:24:15.340 are astounding.

00:24:17.380 And by the way,

00:24:18.620 Roger,

00:24:19.040 not a day goes by

00:24:20.020 where I don't get shocked

00:24:21.160 with millions of dollars

00:24:22.120 that we're saving.

00:24:22.740 The Fannie and Freddie

00:24:25.400 now extremely profitable,

00:24:27.440 but nothing compared

00:24:28.500 to what they could be.

00:24:30.340 I want to ask you

00:24:31.280 about this tweet,

00:24:33.500 or I should say,

00:24:34.800 I think it was first

00:24:35.600 a true social posting.

00:24:36.940 The president said,

00:24:38.040 I'm giving serious consideration

00:24:39.740 to taking Fannie Mae

00:24:41.280 and Freddie Mac public.

00:24:42.940 I'll be speaking

00:24:43.740 with Treasury Secretary

00:24:44.760 Scott Bessent,

00:24:46.120 Secretary of Commerce

00:24:47.140 Howard Lutnick,

00:24:47.840 and the director

00:24:48.640 of the Federal Housing

00:24:50.400 Finance Agency,

00:24:51.560 William Poultry,

00:24:52.220 among others,

00:24:52.740 and will be making

00:24:53.760 a decision

00:24:54.380 in the near future.

00:24:56.260 Fannie Mae

00:24:56.680 and Freddie Mac

00:24:57.460 are doing very well,

00:24:58.880 throwing off a lot of cash,

00:25:00.160 and the time would seem

00:25:01.000 to be right,

00:25:01.680 so stay tuned.

00:25:03.000 Bill Poultry,

00:25:03.900 what is the case

00:25:04.940 for taking both

00:25:06.200 Fannie Mae

00:25:06.780 and Freddie Mac public?

00:25:08.780 Well,

00:25:09.360 the president puts it

00:25:10.260 better than anyone,

00:25:11.320 and he says,

00:25:12.340 point blank,

00:25:13.080 Fannie Mae and Freddie Mac

00:25:14.080 are doing well,

00:25:14.820 and they are.

00:25:15.560 People are back

00:25:16.260 in the office,

00:25:17.280 these things are

00:25:17.880 spitting out cash,

00:25:19.180 and frankly,

00:25:19.740 if we have our way

00:25:20.580 with them,

00:25:20.980 which we will,

00:25:21.640 they will be

00:25:22.460 great American icons,

00:25:23.600 once again,

00:25:24.200 that have tremendous,

00:25:25.420 tremendous earning power,

00:25:27.040 and that inerves

00:25:27.620 to the benefit

00:25:28.140 of the American people.

00:25:29.580 The whole reason

00:25:30.380 that we did

00:25:30.880 what we did

00:25:31.340 with the chairmanship

00:25:32.100 and taking a strong

00:25:33.300 approach to making sure

00:25:35.040 that there are good

00:25:35.620 outcomes with this situation

00:25:36.840 is exactly

00:25:37.540 to make sure

00:25:38.680 that we can deliver

00:25:39.640 on what President Trump

00:25:40.600 is saying,

00:25:41.240 which is making sure

00:25:42.600 that these businesses

00:25:43.380 are spitting out cash

00:25:44.560 and doing better

00:25:45.300 than ever before.

00:25:46.040 I'll defer to the president

00:25:47.720 in terms of what

00:25:49.020 his truth post will mean.

00:25:51.320 Ultimately,

00:25:51.940 he will be the one

00:25:52.600 making the decision on it.

00:25:54.140 However,

00:25:54.520 in the meantime,

00:25:55.320 my main focus

00:25:56.020 is on making sure

00:25:56.980 that through the chairmanship,

00:25:59.280 but most importantly,

00:26:00.280 through the directorship

00:26:01.080 at FHFA,

00:26:02.480 federal housing,

00:26:03.320 through President Trump,

00:26:04.800 that we are keeping

00:26:05.720 all of our options open

00:26:07.020 and running these businesses

00:26:08.520 in tip-top shape.

00:26:09.760 And I can tell you,

00:26:10.420 Roger,

00:26:10.640 when you have 16,000 employees

00:26:12.420 and no one showing up

00:26:13.440 at work,

00:26:14.300 they were not in tip-top shape

00:26:15.580 under Biden.

00:26:16.200 They were in the toilet

00:26:16.940 and we're getting them back.

00:26:18.180 We're getting them back

00:26:18.780 up and running

00:26:19.340 and we're going to get going again.

00:26:22.460 I noticed

00:26:23.100 one of your critics

00:26:24.260 said this on social media

00:26:25.980 to give you a chance

00:26:26.700 to respond to it.

00:26:27.900 Somebody said that

00:26:28.940 if Fannie Mae

00:26:30.680 and Freddie Mac

00:26:31.480 were taken public,

00:26:32.460 it would cause

00:26:33.100 the value of housing bonds

00:26:35.900 to crash.

00:26:36.980 Your view?

00:26:38.680 Well,

00:26:39.080 we're extremely sensitive to

00:26:40.460 and we'll make sure

00:26:41.340 that any study

00:26:42.360 that we do

00:26:42.960 in terms of this whole process

00:26:44.360 and just thinking about it

00:26:46.140 in general

00:26:46.640 has to really be focused

00:26:48.660 on making sure

00:26:49.360 that there's not

00:26:49.860 an upward pressure

00:26:50.540 on mortgage rates.

00:26:51.560 And I'm very focused on it.

00:26:53.480 We're very focused on it.

00:26:54.980 And I think that it's going

00:26:56.020 to be something

00:26:56.460 that's very important to us.

00:26:57.500 So first and foremost,

00:26:58.860 Roger,

00:26:59.120 no matter what happens

00:26:59.940 is the safety

00:27:00.680 and soundness

00:27:01.420 of the mortgage market.

00:27:02.440 And I can guarantee you

00:27:03.840 we are going to make sure

00:27:04.960 that the mortgage market

00:27:06.080 is safe,

00:27:06.880 sound,

00:27:07.300 and that there are not

00:27:08.260 increased costs

00:27:09.100 no matter what the outcome is.

00:27:11.200 About a week ago,

00:27:12.560 I think it was,

00:27:13.380 I had Barry Habib,

00:27:15.020 one of the nation's

00:27:16.360 leading experts

00:27:17.060 on both the housing

00:27:18.120 and the mortgage market.

00:27:20.340 A man who's actually credited

00:27:22.180 with saving the mortgage market

00:27:24.640 back in the past

00:27:26.460 when he made a stunning presentation

00:27:29.520 to the Federal Reserve.

00:27:31.420 And he made an excellent case

00:27:35.600 for taking these public.

00:27:39.560 He also expressed great confidence

00:27:42.100 in your leadership at FHFA,

00:27:44.980 I might add.

00:27:46.160 I guess my concern here is

00:27:49.540 that there are those out there

00:27:53.060 who don't understand

00:27:54.160 that Donald Trump,

00:27:56.140 kind of like Bill Pote,

00:27:57.160 is first and foremost

00:27:58.440 a businessman,

00:27:59.060 an entrepreneur,

00:28:00.460 a man who understands

00:28:01.900 the dynamic of business,

00:28:03.820 and that these decisions

00:28:05.580 made by the president

00:28:06.640 I think could lead

00:28:08.000 to a true golden age

00:28:10.440 in terms of

00:28:11.160 not just affordable housing,

00:28:12.800 but a drop in inflation,

00:28:16.880 lower grass prices,

00:28:18.960 lower food prices.

00:28:20.660 I really do think

00:28:21.260 we're on the cusp

00:28:22.020 of a golden age.

00:28:23.580 We are.

00:28:23.940 We are,

00:28:25.620 but he has to reverse

00:28:26.560 what's gone on

00:28:27.220 the last four years.

00:28:28.100 And I keep saying this,

00:28:29.180 and it's not something

00:28:30.260 we want to talk about.

00:28:31.300 But, I mean, Roger,

00:28:32.500 the inflation that happened

00:28:33.740 in the last four years

00:28:34.540 is borderline, you know.

00:28:36.060 I mean, I don't even want to say it.

00:28:37.200 It's just not good.

00:28:38.140 It's just not good

00:28:38.940 what happened under Biden.

00:28:40.400 And to your point,

00:28:41.740 President Trump

00:28:42.280 has gotten groceries down,

00:28:43.600 eggs down,

00:28:44.580 and he's gotten oil down.

00:28:46.580 One of the things

00:28:47.100 he doesn't get credit for

00:28:48.080 is home prices.

00:28:49.380 Home prices are not sky high

00:28:51.320 in terms of rate of change

00:28:53.240 quarter over quarter

00:28:54.100 like they were.

00:28:55.240 I mean, Roger,

00:28:56.120 people couldn't afford homes.

00:28:57.380 People could barely

00:28:58.100 afford their rent.

00:28:59.300 So, yes,

00:28:59.760 we are on the cusp of that,

00:29:01.340 and I'm very positive

00:29:02.540 and very positive

00:29:03.660 about the economy

00:29:04.340 under President Trump.

00:29:05.560 But what he's doing right now

00:29:07.480 is nothing short of Herculean

00:29:08.940 to turn around

00:29:09.580 what happened

00:29:09.980 the last four years.

00:29:11.560 Yeah, amazing report

00:29:12.960 just the other day,

00:29:14.280 which was something

00:29:15.300 Barry Habib

00:29:16.020 had kind of tipped us to,

00:29:17.100 which is virtually

00:29:17.800 all of the job creation numbers

00:29:20.860 published during the Biden years

00:29:22.280 were bogus.

00:29:23.960 So they would project,

00:29:25.480 you know,

00:29:25.980 a net gain of 60,000 jobs,

00:29:28.780 and it got huge headlines.

00:29:30.440 And then, of course,

00:29:30.960 three days later,

00:29:31.800 they would quietly restate that,

00:29:34.240 ratcheting the numbers way down.

00:29:35.860 Of course,

00:29:36.160 the second story

00:29:37.020 never got any coverage.

00:29:39.020 So, I mean,

00:29:40.120 most of the economic information

00:29:42.840 that the Bureau of Labor Statistics

00:29:44.360 was giving us

00:29:45.680 had been cooked,

00:29:47.380 cooked for political purposes,

00:29:49.080 cooked to try to affect

00:29:50.160 the 2024 election.

00:29:54.480 I'm not sure

00:29:55.420 what could be done

00:29:56.140 to ensure

00:29:57.000 that the information

00:29:58.400 being put forward

00:29:59.300 by some of these

00:30:00.020 federal agencies,

00:30:00.880 which sadly

00:30:01.960 are still riddled

00:30:03.620 with holdovers,

00:30:05.340 with people who are

00:30:06.380 loyal to the last regime

00:30:08.420 or loyal to the institution

00:30:10.300 rather than committed

00:30:11.860 to the president's

00:30:12.900 pro-growth,

00:30:14.000 pro-opportunity agenda.

00:30:15.560 But I think that

00:30:16.160 it should be a high priority.

00:30:18.240 I agree.

00:30:18.640 And I think that, look,

00:30:19.660 you got a great team,

00:30:21.200 a great economic team,

00:30:22.260 and they're going to get

00:30:22.800 to the bottom of anything,

00:30:24.460 I believe,

00:30:24.960 as it comes up

00:30:25.780 or as it's been done

00:30:26.760 that they believe

00:30:27.660 is untoward.

00:30:28.720 But, you know,

00:30:29.400 in terms of our mortgage fraud,

00:30:30.660 that's really where

00:30:31.220 our focus is on,

00:30:32.300 as you know,

00:30:33.100 and making sure

00:30:33.840 that there is safety

00:30:35.000 and soundness

00:30:35.820 in the mortgage market.

00:30:36.900 So, I can't really,

00:30:38.100 you know,

00:30:38.900 help in that area.

00:30:39.800 But I can tell you

00:30:40.400 one thing, Roger.

00:30:41.280 We are laser-focused

00:30:42.520 on this mortgage fraud.

00:30:43.620 And, as I said earlier,

00:30:46.040 if you are a politician

00:30:47.260 or you are a famous person

00:30:48.740 or you are a lawyer

00:30:49.620 and you think

00:30:50.460 you can get away

00:30:51.000 with mortgage fraud

00:30:51.840 in this country,

00:30:53.660 you are underestimating

00:30:55.220 what we are going to do

00:30:57.020 to get rid of mortgage fraud.

00:30:58.760 You know,

00:30:59.140 you have sweeping powers

00:31:00.620 in that area

00:31:01.640 and this idea

00:31:03.580 that you are somehow

00:31:04.440 weaponizing the system.

00:31:06.360 I mean,

00:31:06.560 the facts are the facts.

00:31:08.100 This has all been

00:31:08.940 very heavily documented.

00:31:10.460 We had Sam Antar 0.94

00:31:13.460 who is the publisher

00:31:15.020 and editor

00:31:15.540 of whitecollarfraud.com

00:31:17.540 who did the original

00:31:18.920 analysis on this.

00:31:20.060 He shows you

00:31:20.580 the actual documents.

00:31:22.020 So, this isn't conjecture.

00:31:23.820 This isn't a projection.

00:31:25.340 This isn't polemics

00:31:28.960 or propaganda.

00:31:30.720 The signed,

00:31:32.360 notarized documents

00:31:33.500 are what they are

00:31:34.960 and it is very compelling

00:31:37.000 in the question

00:31:37.700 of Attorney General

00:31:39.360 Letitia James

00:31:40.820 and then she just

00:31:42.160 says to the New York Times,

00:31:43.380 oh, well,

00:31:44.040 yes, I did sign

00:31:45.380 a power of attorney

00:31:46.880 in which I said

00:31:47.760 that I was going

00:31:50.320 to occupy

00:31:51.280 this home in Virginia.

00:31:53.040 It would be

00:31:53.240 my principal residence

00:31:54.400 but before that

00:31:56.060 I signed an application

00:31:57.080 that didn't say that.

00:31:58.180 Well,

00:31:58.760 there is no such application.

00:32:00.220 New York Times

00:32:00.580 just writes that

00:32:01.340 as a fact

00:32:02.000 but you can look

00:32:03.000 in the records

00:32:03.560 there is no such

00:32:04.440 notarized application.

00:32:07.140 It is amazing

00:32:09.020 how the media

00:32:10.820 seeks to cover for her

00:32:12.440 and then

00:32:13.040 I don't know

00:32:13.280 if you saw this bill

00:32:14.080 but they actually

00:32:15.200 tried to move

00:32:15.900 legislation

00:32:16.720 in the New York

00:32:17.380 State Legislature

00:32:18.300 where the taxpayers

00:32:21.100 of New York

00:32:21.880 would pay

00:32:22.420 for her legal defense.

00:32:23.880 Her defense 0.96

00:32:24.900 in actions

00:32:25.820 she took

00:32:26.300 not as Attorney General

00:32:27.620 not in her official

00:32:28.960 capacity as Attorney General

00:32:30.260 but as a private citizen.

00:32:32.080 Actions that she took

00:32:33.080 that appeared to me

00:32:34.400 to constitute

00:32:35.580 a 22-year record

00:32:38.400 of mortgage fraud

00:32:40.360 and the Democrats

00:32:42.580 want the taxpayers

00:32:44.920 of New York

00:32:45.380 to pay for her

00:32:46.060 legal defense.

00:32:47.400 She hired the lawyer

00:32:48.680 Abby Lowell

00:32:49.600 he last represented

00:32:51.720 Hunter Biden

00:32:52.560 he'll sign his name

00:32:54.240 to anything

00:32:54.720 whether it's true

00:32:55.360 or not

00:32:55.780 but I can tell you this

00:32:57.040 he's not cheap

00:32:58.220 I see no reason

00:32:58.960 why the taxpayers

00:32:59.620 of New York

00:33:00.740 should pay for that.

00:33:02.020 Bill,

00:33:02.180 you don't have to comment

00:33:02.840 on any of that

00:33:03.620 I don't expect you to

00:33:04.620 I did see

00:33:05.960 I appreciate it

00:33:06.900 and as I said

00:33:07.580 I can't comment

00:33:08.200 beyond the letter

00:33:08.880 but just as a general matter

00:33:10.240 as it pertains

00:33:10.980 to mortgage fraud

00:33:12.300 to your point

00:33:13.700 you know

00:33:14.320 we are a

00:33:15.240 look

00:33:16.240 we look at housing

00:33:17.140 and mortgages

00:33:17.760 as not political

00:33:19.420 I mean

00:33:19.780 we want a strong

00:33:21.360 housing market

00:33:22.200 we want a strong

00:33:23.640 mortgage market

00:33:24.520 it doesn't matter

00:33:25.540 whether you're black

00:33:26.400 white

00:33:26.900 Republican

00:33:27.480 Democrat

00:33:28.160 politician

00:33:29.220 lawyer

00:33:29.780 famous person

00:33:30.800 not famous person

00:33:32.000 if you commit

00:33:32.720 mortgage fraud

00:33:33.400 in our view

00:33:34.780 you are a threat

00:33:35.700 to the market

00:33:36.980 very very

00:33:40.160 well put

00:33:40.900 I saw in an interview

00:33:41.840 the other day

00:33:42.600 that you said

00:33:43.640 when you got to FHFA

00:33:45.240 you found people

00:33:46.840 working there

00:33:47.900 posing as Americans

00:33:50.020 but who were not

00:33:50.980 even US citizens

00:33:52.400 Chinese citizens

00:33:54.400 Indian citizens

00:33:55.400 when we come back

00:33:56.160 I'm going to ask you

00:33:56.780 about that

00:33:57.340 I'm also going to ask you

00:33:58.720 given your family's

00:33:59.980 reputation as builders

00:34:01.840 isn't part of

00:34:03.440 the housing boom

00:34:05.460 the need to bring

00:34:06.580 the cost

00:34:07.200 of house

00:34:08.540 building materials

00:34:09.980 down

00:34:10.420 we'll be back

00:34:11.340 with Bill Pulte

00:34:12.000 to answer those

00:34:12.660 questions

00:34:13.120 on the other side

00:34:14.420 please

00:34:14.720 whenever you don't

00:34:15.360 touch that dial

00:34:16.080 we'll be right back

00:34:16.980 in the Stone Zone

00:34:17.980 in just a minute

00:34:18.640 The Stone Zone

00:34:20.400 on the Red Apple

00:34:21.680 Podcast Network

00:34:23.020 The Stone Zone

00:34:30.740 on the Red Apple

00:34:32.760 Podcast Network

00:34:34.060 And we're back

00:34:36.600 in the Stone Zone

00:34:37.760 for our final segment

00:34:39.260 we're talking to

00:34:40.260 William Pulte

00:34:41.320 he was appointed

00:34:43.080 by President Donald Trump

00:34:44.680 as the head

00:34:45.780 of the Federal

00:34:47.160 Housing Finance Agency

00:34:49.100 FHFA

00:34:49.900 after a stunningly

00:34:52.900 successful business career

00:34:55.080 he's an entrepreneur

00:34:56.500 businessman

00:34:57.160 home building

00:34:58.400 is in his blood

00:34:59.540 his family of course

00:35:00.560 is known as

00:35:01.100 one of the premier

00:35:02.600 home building

00:35:03.620 companies in the country

00:35:05.300 he's also

00:35:06.600 one of the earliest

00:35:08.200 pioneers

00:35:08.940 of online

00:35:10.420 philanthropy

00:35:11.320 philanthropy

00:35:12.700 pardon me

00:35:13.540 and we're glad

00:35:15.240 to have him

00:35:15.860 Bill

00:35:16.520 when it comes

00:35:17.620 to housing

00:35:18.640 it's not just

00:35:19.240 the availability

00:35:19.820 of mortgages

00:35:20.780 don't we have

00:35:22.440 to bring down

00:35:23.260 the cost

00:35:24.120 of home building

00:35:25.500 materials

00:35:26.240 I mean

00:35:26.720 roofing materials

00:35:28.120 bricks

00:35:28.860 wood

00:35:29.500 all the things

00:35:31.000 cement

00:35:31.520 all things

00:35:32.080 go into

00:35:32.500 home building

00:35:33.000 absolutely

00:35:33.680 absolutely

00:35:34.740 but under

00:35:35.180 Biden

00:35:35.540 Roger

00:35:35.920 all these

00:35:36.640 materials

00:35:37.220 went up

00:35:37.920 they went

00:35:38.300 sky high

00:35:39.120 and now

00:35:39.560 we're trying

00:35:39.960 to wrestle

00:35:40.420 them

00:35:40.720 and wrestle

00:35:41.640 the ascent

00:35:42.400 back to

00:35:43.560 normal levels

00:35:44.780 I mean

00:35:45.040 it was crazy

00:35:45.640 what had

00:35:46.000 gone on

00:35:46.420 we really

00:35:47.460 have to

00:35:47.800 give credit

00:35:48.440 Roger

00:35:49.660 to President

00:35:50.840 Trump

00:35:51.240 because

00:35:51.740 you look

00:35:52.840 at what

00:35:53.180 has happened

00:35:53.800 to oil prices

00:35:54.580 which are

00:35:55.140 a leading

00:35:55.400 indicator

00:35:55.920 for some

00:35:56.340 of us

00:35:56.540 you look

00:35:56.880 at what's

00:35:57.160 happened

00:35:57.400 with groceries

00:35:58.120 you look

00:35:58.840 at what's

00:35:59.100 happened

00:35:59.260 with eggs

00:35:59.800 now we're

00:36:00.800 starting to

00:36:01.240 see it

00:36:01.520 in some

00:36:01.800 of these

00:36:02.020 products

00:36:02.480 Roger

00:36:02.860 and that's

00:36:03.700 absolutely

00:36:04.080 critical

00:36:04.540 drywall

00:36:05.640 has become

00:36:06.240 more affordable

00:36:07.620 lumber

00:36:08.480 has become

00:36:09.040 more affordable

00:36:09.840 kitchen and

00:36:10.760 bath countertops

00:36:11.600 have become

00:36:12.080 more affordable

00:36:12.820 and so

00:36:13.760 these things

00:36:14.320 are very

00:36:14.680 important

00:36:15.140 because as

00:36:15.620 you said

00:36:15.920 it takes

00:36:16.280 two to

00:36:16.640 tango

00:36:17.060 you need

00:36:17.660 the products

00:36:18.300 and you

00:36:18.860 need the

00:36:19.200 mortgages

00:36:19.660 to be

00:36:20.000 affordable

00:36:20.400 and one

00:36:21.640 without the

00:36:22.120 other

00:36:22.360 you're going

00:36:22.840 to be

00:36:22.980 in trouble

00:36:23.420 and thankfully

00:36:24.920 we have a

00:36:25.360 president

00:36:25.700 I believe

00:36:26.340 who understands

00:36:27.040 that

00:36:27.400 as the

00:36:29.460 chief

00:36:29.840 regulator

00:36:30.460 for federal

00:36:31.520 home loan

00:36:32.040 banks

00:36:32.400 what have you

00:36:32.820 told the heads

00:36:33.400 of those

00:36:33.780 banks

00:36:34.140 I told them

00:36:35.480 we got to

00:36:35.780 get rid of

00:36:36.160 climate

00:36:36.540 we got to

00:36:37.000 get rid of

00:36:37.400 DEI

00:36:38.020 as a result

00:36:38.860 of you know

00:36:39.660 what we look

00:36:40.580 for when we

00:36:41.140 go to hire

00:36:41.580 board members

00:36:42.220 it's crazy

00:36:42.980 that we are

00:36:44.180 focusing on

00:36:45.160 climate

00:36:46.000 and DEI

00:36:47.420 in terms of

00:36:48.720 lending money

00:36:49.780 to people

00:36:50.280 at a local

00:36:50.860 level

00:36:51.140 we need to

00:36:51.580 focus on

00:36:52.040 lending to

00:36:53.040 banks

00:36:53.480 we need to

00:36:53.900 focus on

00:36:54.360 lending to

00:36:55.000 businesses

00:36:55.500 we need to

00:36:56.040 focus on

00:36:56.580 lending to

00:36:57.620 things that

00:36:58.080 create jobs

00:36:58.820 not this

00:36:59.440 nonsense

00:37:00.520 DEI

00:37:01.300 and climate

00:37:01.840 stuff

00:37:02.200 so you

00:37:03.000 know we're

00:37:03.280 getting back

00:37:03.740 to business

00:37:04.240 Roger

00:37:04.600 and that's

00:37:05.440 our mandate

00:37:05.940 and that's

00:37:06.540 what we

00:37:06.780 told

00:37:07.000 I oversee

00:37:08.100 Roger

00:37:08.760 through that

00:37:09.300 position

00:37:09.760 through the

00:37:10.200 banking

00:37:10.480 side of

00:37:10.960 things

00:37:11.220 a trillion

00:37:12.600 dollars

00:37:13.260 one trillion

00:37:14.120 dollars

00:37:14.540 is on the

00:37:14.960 balance sheet

00:37:15.440 of these

00:37:15.760 11 banks

00:37:16.460 and you

00:37:17.980 know we

00:37:18.340 take it

00:37:18.700 very seriously

00:37:19.300 just like we

00:37:19.900 do the

00:37:20.180 7.8

00:37:20.820 trillion in

00:37:21.260 the mortgage

00:37:21.640 market

00:37:22.080 all right

00:37:23.740 I want to

00:37:24.060 thank our

00:37:24.560 guest Bill

00:37:25.580 Pulte

00:37:26.040 he is as

00:37:27.360 I say

00:37:27.920 the the

00:37:29.160 director of

00:37:30.120 the federal

00:37:30.640 home finance

00:37:31.660 agency and

00:37:32.480 the man who's

00:37:33.520 carrying out

00:37:34.340 President Donald

00:37:35.080 Trump's mandate

00:37:35.860 to make

00:37:37.040 housing affordable

00:37:38.800 again and

00:37:39.780 available again

00:37:41.140 he also as

00:37:43.440 has been

00:37:43.840 reported

00:37:44.320 recently sent

00:37:46.100 a letter to

00:37:46.760 the Department

00:37:47.180 of Justice

00:37:47.720 referring New

00:37:49.060 York Attorney

00:37:49.520 General Letitia

00:37:50.580 James to

00:37:51.920 that office for

00:37:52.960 what his office

00:37:54.040 investigators

00:37:54.820 found as

00:37:55.540 a serial

00:37:57.040 series of

00:37:58.100 actions that

00:37:59.160 he and his

00:38:00.660 investigators deemed

00:38:01.820 as mortgage

00:38:02.820 fraud the next

00:38:03.560 step will be

00:38:04.060 left up to

00:38:04.760 the Department

00:38:05.720 of Justice

00:38:06.280 it has been

00:38:07.540 confirmed by

00:38:08.220 FBI Director

00:38:09.180 Kash Patel

00:38:09.940 that they are

00:38:10.660 investigating

00:38:11.320 it's also been

00:38:12.480 confirmed that a

00:38:13.400 grand jury to

00:38:14.540 look at those

00:38:15.240 claims has been

00:38:16.900 impaneled in

00:38:18.020 Virginia we will

00:38:19.180 keep you up to

00:38:20.120 date on that

00:38:20.940 when the

00:38:21.860 president decides

00:38:22.760 whether or not

00:38:23.700 he wants to

00:38:24.320 take Fannie 0.97

00:38:25.220 May and

00:38:25.960 Freddie Mac

00:38:26.580 public as he

00:38:27.560 speculated he

00:38:28.820 may do in a

00:38:29.840 true social

00:38:30.400 posting last

00:38:31.080 night Bill we'd

00:38:32.140 love you to

00:38:32.480 come back in

00:38:33.060 the Stone

00:38:33.420 Zone and

00:38:33.940 talk to us

00:38:34.540 about the

00:38:35.060 implications of

00:38:36.260 that so

00:38:36.780 thank you again

00:38:37.600 for joining us

00:38:38.360 great talking

00:38:38.960 to you it's

00:38:39.740 great to have

00:38:40.280 you for our

00:38:41.020 friends out there

00:38:41.780 listening to the

00:38:42.720 Stone Zone

00:38:43.200 God bless you

00:38:43.940 and God

00:38:44.280 speed until

00:38:45.380 tomorrow

00:38:46.060 thanks for

00:38:47.120 listening to

00:38:47.860 the Stone

00:38:48.420 Zone with

00:38:49.200 Roger Stone

00:38:50.060 you can hear

00:38:50.940 the Stone

00:38:51.480 Zone with

00:38:52.080 Roger Stone

00:38:52.860 weeknights at

00:38:53.880 8 on 77

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The Stone Zone ｜ 05-22-25

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