Gina Heeb
@ginaheeb
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Bill Pulte has used a low-profile federal housing post to make waves, attacking the president’s foes, ousting ethics watchdogs and championing radical policies like a 50-year mortgage. By: @ginaheeb @jdawsey1 @rebeccaballhaus
wsj.com
Bill Pulte oversees Fannie Mae and Freddie Mac, and has used that post to make waves, attacking Trump’s foes, ousting ethics watchdogs and making radical policy proposals.
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Bill Pulte marched into the Oval Office this summer, carrying a “Ghostbusters”-style poster that featured pictures of administration officials and outside allies, outlined by red circles with lines through their faces. He told the president he had identified leakers who were
wsj.com
Bill Pulte oversees Fannie Mae and Freddie Mac, and has used that post to make waves, attacking Trump’s foes, ousting ethics watchdogs and making radical policy proposals.
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SCOOP: Fannie Mae watchdogs had been probing if Bill Pulte and his team had improperly obtained mortgage records of key Dems, incl Letitia James, when they were fired. Case referred to inspector general + Virginia prosecutors. w/ @ginaheeb @cryanbarber
https://t.co/49nGCCdD5E
wsj.com
FHFA’s acting inspector general handed the probe report to the U.S. attorney office that had indicted New York Attorney General Letitia James.
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Fannie Mae watchdogs who were removed from their jobs had been probing if Trump appointee Bill Pulte had improperly obtained mortgage records of key Democratic officials, including New York Attorney General Letitia James. Scoop by @ginaheeb @schwartzbWSJ @cryanbarber
wsj.com
FHFA’s acting inspector general handed the probe report to the U.S. attorney office that had indicted New York Attorney General Letitia James.
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The biggest IPO ever* might happen THIS YEAR An incredible scoop by my colleagues @cdriebusch @ginaheeb @AAndriotis
https://t.co/M0sRPcyu9O
wsj.com
Some officials believe the offering could raise around $30 billion and value the combined firms at roughly $500 billion or more.
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The Home-Builder Heir Who Is Stoking the Jerome Powell Frenzy via @ginaheeb
https://t.co/RVkuClMHwD
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Last year, @ginaheeb & I reported problems in the Wells Fargo-Bilt credit card relationship. The cos said they were committed to the program thru 2029. Today we report on the unraveling of the relationship for the rewards-for-rent credit card & Wells' exit
wsj.com
Bank was losing millions of dollars a month on card launched with Bilt.
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When people ask me about various internet rumormongering, my first instinct is to ignore it in the same way the TV cameras don't show the streaker running on the field at Yankee Stadium. But for people who really do wonder about whether the Fed chair would do the opposite of
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New: The White House isn't interested in what the biggest banks have to say about Trump's tariffs. In fact, Trump hasn't been interested in hearing from them at all. At a gathering of bank CEOs, most said they haven't spoken to him since 2020. https://t.co/8HtQPzOI6Y via @WSJ
wsj.com
Bankers are uncertain about the president’s endgame on tariffs and uneasy about the impact on the global economy and their own businesses.
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As tariffs roil markets, Wall Street’s elite bank CEOs aren’t in contact with the White House to the extent they have been during past disruptions — and when they are, they sense their opinions don’t carry weight. @AAndriotis @ginaheeb @ajsaeedy
wsj.com
Bankers are uncertain about the president’s endgame on tariffs and uneasy about the impact on the global economy and their own businesses.
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The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington https://t.co/r5wrDdgWXX via @WSJ @ginaheeb
wsj.com
The advisers have asked potential nominees whether Trump could abolish the FDIC.
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Trump officials have explored pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs, including the FDIC, per @ginaheeb
wsj.com
The advisers have asked potential nominees whether Trump could abolish the FDIC.
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Trump’s transition team has started to explore ways to dramatically shrink or even eliminate top bank watchdogs in Washington, including the FDIC. Big scoop from @ginaheeb:
wsj.com
The advisers have asked potential nominees whether Trump could abolish the FDIC.
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The Trump transition team has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington—including asking some potential nominees if Trump could abolish the FDIC. @ginaheeb scoop:
wsj.com
The advisers have asked potential nominees whether Trump could abolish the FDIC.
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NEW: Fortress and Canyon give $225m lifeline to struggling Texas bank, sign of growing troubles at many banks. W/@ginaheeb
https://t.co/Ivq9LqmnrS
wsj.com
First Foundation raises more than $225 million from Fortress and others.
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The 234-page report on the FDIC culture is out & includes many examples of brazen misconduct. A senior examiner was known for going to brothels with colleagues on work trips. A former exec was thrown out of a strip club for inappropriately touching dancers. Employees said they
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Vernon Hill was the man behind Republic First, the latest bank to fail. It was his third attempt to upend how consumers bank. He thought bank rules were stupid, scoffed at banks like JPMorgan and gave his dog a title and business cards. https://t.co/VLxMhihRna
wsj.com
Vernon Hill, the builder of Commerce Bank and Metro Bank, was also behind toppled Republic First.
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NEW: Regulators are set to seize Republic First and are near a deal to sell the troubled bank to another lender, the fourth high-profile bank failure since last spring. An announcement could come as soon as this pm. $FRBK With @ginaheeb & @Justinbaer
https://t.co/im0V4OzdwQ
wsj.com
The bank had some of the same problems as the ones that failed in 2023.
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