Bill Pulte’s Acting National Intelligence Role Raises Concerns Over FHFA Agenda

The Federal Housing Finance Agency (FHFA) oversees Fannie Mae and Freddie Mac, whose mortgage assets exceed $10 trillion. Director Bill Pulte also chairs both government-sponsored enterprises, giving his decisions broad implications for mortgage pricing, credit scores and efforts to reform the two companies.

U.S. President Donald Trump announced on June 2, 2026, that Pulte would remain FHFA director and chairman of Fannie Mae and Freddie Mac while also serving as acting director of national intelligence from June 30. Industry participants fear the additional role could delay a potential IPO of the two companies, revisions to loan-level price adjustments (LLPAs) and the introduction of new credit-scoring models.