Share this article!

President-elect Donald Trump announced that he will nominate Bill Pulte to become the next director of the Federal Housing Finance Agency (FHFA).

Pulte is the CEO of Pulte Capital Partners and has gained prominence for his philanthropic endeavors on X (formerly Twitter). His grandfather William Pulte founded the real estate development firm PulteGroup. Last November, his name was floated as a potential Secretary of Housing and Urban Development – Scott Turner was named instead.

“Bill needs no formal introduction to the Great Citizens of our Country, because they have seen, and many have experienced, his philanthropy firsthand,” Trump wrote in a post on Truth Social.

Having a private equity executive as Pulte to lead the FHFA could be seen as a signal that the upcoming Trump administration is planning to privatize the government-sponsored enterprises Fannie Mae and Freddie Mac, which have been regulated by the FHFA since they were placed into federal conservatorship in September 2008.

Pulte responded on X to the nomination by declaring, “Thank you Mr. President. You are the greatest President in history, and under your leadership, we will restore the American Dream FOR ALL!”