Bill Pulte

I think that Fannie and Freddie have way more liquidity than we know what to do with.

And so we believe in the mortgage market.

We believe that the mortgage market is very sound.

The mortgages that we're underwriting are not like they were in 2008.

And so we feel very confident in our liquidity position.

and the companies are earning more money than ever.

I mean, that's basically the argument.

Remember where this is coming from.

This is coming from Bill Pulte, who runs the FHFA, Federal Housing Finance Authority, and somebody who is close to the president and has at times clashed with other people in the White House, but has this close relationship with the president.

And based on our reporting and public reporting, does a lot of what the president wants him to do.

And listen, I don't know the particulars of Eric Swalwell's living situation.

So this again, this letter, which I believe we do have, although I'm not entirely sure since I've been on with you.

doesn't really lay out in rich detail what they are going after him for.

But to be honest with you, as Lisa just said, if you look at the list of people that the administration is targeting, it's all people who are political adversaries of the president.

So we'll see where this goes.

Eric Swalwell has made a name for himself up here on Capitol Hill as somebody who is probably one of the most ardent critics of the president going back years.

And the Trump world has gone at him with everything they have over the over the last few years as well.

So, yeah, I am not surprised by this in any way, shape or form, to be frank with you.

Katie, can I make one point?

Yeah.