FHFA head Bill Pulte opens probe into Fannie Mae and Freddie Mac over Sharia-compliant home financing
FHFA Director Bill Pulte announced he is probing Fannie Mae and Freddie Mac over their use of Sharia-compliant home financing, including a Musharaka Islamic Finance Mortgage loan code. Multiple sources confirm Pulte stated he is looking into the matter.
Detected & updated continuously · Source: Nebula
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@Newsforce
🇺🇸BREAKING: Director of Federal Housing @pulte just said he's probing Fannie Mae and Freddie Mac for quietly backing special home loans that follow Islamic Sharia law—including one where the bank co-owns your house and you buy them out over time so no traditional interest is https://t.co/OSGY3s31wa
@GuntherEagleman
🚨 Fannie Mae has an official loan code for “Musharaka Islamic Finance Mortgages.” That’s Sharia-compliant home financing… backed by the American taxpayer. Bill Pulte just saw it and said he’s looking into it right now. About damn time. American housing finance should run on https://t.co/YrFPWMJ9cP
@stockbella
⚖️ JUST IN: FHFA head Bill Pulte has opened a probe into Fannie Mae and Freddie Mac over their use of Sharia-compliant home financing. Pulte stated: “We are looking into this right now.” https://t.co/pDQYRCONFg https://t.co/hmg9mrjSmf