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More discrimination by the GSEs?

TerryRohrer

Elite Member
Joined
Aug 13, 2005
Professional Status
Certified General Appraiser
State
Montana
Apparently, the GSEs are still designing and operating special vehicles that likely are not offerred to most US Citizens (at least, until they are discovered).

Pulte, director of the Federal Housing Finance Agency, on X: "Effective immediately, these programs, along with Kosher and Amish programs, will be open AND marketed to ALL AMERICANS."

"President Trump’s federal housing director Bill Pulte says officials are examining claims that Fannie Mae and Freddie Mac participate in home-financing arrangements marketed as compliant with Islamic law.

Pulte, who serves as both FHFA Director and chairman of the boards of the two government-sponsored mortgage giants, responded directly on X after White House correspondent Natalie Winters highlighted the issue.

Winters posted evidence that Fannie Mae maintains a specific loan code for “Musharaka Islamic Finance Mortgages” and that Freddie Mac explicitly recognizes financing “designed to comply with Islamic law.”

Pulte replied: “We are looking into this right now. Thanks for mentioning!”

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But apparently, the IRS has special rules, too:
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