White House officials unhappy about 50-year mortgage idea released by top housing official, sources say [CBS News]
NerdWallet, Inc. (NRDS)
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Source: CBS News
Over the weekend, top federal housing official Bill Pulte floated the idea with President Trump, who then approved a Truth Social post. Some Trump officials this week vented their frustration with Pulte over the move. One source said Mr. Trump was lukewarm about the suggestion but announced it "to get Pulte to shut up about it." Another source disputed the characterization of the president as tepid about the mortgage proposal, however, and said 40-year and 50-year mortgages had been discussed by Commerce Secretary Howard Lutnick, National Economic Council director Kevin Hassett and others in the administration. Three sources said the Trump administration has been working on other ideas to promote affordability for Americans, including strategies to alleviate the housing crunch. The 50-year mortgage idea came about when Pulte spoke to the president at Mar-a-Lago over the weekend, two of the sources said. Politico reported earlier that White House officials were upset with Pult
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