P
resident-elect Donald Trump has chosen Bill Pulte, CEO of private equity firm Pulte Capital Partners, to lead the Federal Housing Finance Agency. The Senate must confirm his appointment for him to become the nation's top housing regulator. This position is currently held by Sandra Thompson, who will step down before Trump's inauguration on Monday.

    The FHFA oversees Fannie Mae and Freddie Mac, which back nearly half of the US residential mortgage market. The agency is at a critical juncture as the Trump administration plans to release these companies from government control, potentially disrupting an already volatile mortgage market. This move has been in discussion since 2008 when the conservatorship began.

    Pulte comes from a family of homebuilders and has run his company since 2011. He gained social media fame for giving away money and prizes. After being nominated, Pulte wrote on X, "Thank you Mr. President. You are the greatest President in history, and under your leadership, we will restore the American Dream FOR ALL!"

    Trump is assembling a team of real estate figures, including Howard Lutnick and Steve Witkoff, who may take on roles in his administration. Pulte was initially considered for HUD secretary but lost out to Scott Turner, a former lawmaker and NFL player.