Overview

• Pulte, the FHFA director, accused Fed Governor Lisa Cook of mortgage fraud, prompting President Trump to attempt to remove her and leading Cook to sue to keep her seat.
• A watchdog report says Pulte retained Palantir shares and reported recent gains while promoting the company’s AI to scour mortgage data, raising conflict-of-interest questions.
• Fannie Mae announced a Palantir partnership to detect mortgage fraud and Pulte said the effort could extend to Freddie Mac as he centralized control over both entities.
• The Justice Department opened probes tied to Pulte’s referrals into New York Attorney General Letitia James and Sen. Adam Schiff, and no charges have been filed.
• A D.C. federal judge is set to rule Tuesday on whether Trump’s order against Cook has legal force, as scrutiny of Pulte’s past donation disclosure issues also grows.