Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement during a Housing and Insurance Subcommittee hearing entitled, “Homeownership and the Role of the Secondary Mortgage Market.”

“Mr. Chairman, this hearing will discuss our mortgage market, but it has been more than one year into Trump’s disastrous Administration, and this Committee still hasn’t heard from the Trump official who oversees $7.6 trillion dollars of this market. The Federal Housing Finance Agency Director, Bill Pulte, has been busy. He’s been pushing absurd 50-year mortgages, weaponizing Fannie and Freddie, to going after Trump’s political enemies, but completely failing to do what he was appointed to do—make housing more affordable for Americans. 

Our country is facing an affordable housing crisis and needs competent leadership. But Pulte is proving anything but competent. I hope today’s witnesses share how Congress can restore the dream of homeownership. 

Thank you, and I yield back.”

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