Bill
Pulte,
a
private
equity
professional,
philanthropist
and
grandson
of
the
late

homebuilding
icon
William
Pulte,
will
be

Donald
Trump‘s
nominee
to
lead
the


Federal
Housing
Finance
Agency
(FHFA),
according
to
reports
from
multiple
outlets
on
Thursday.

Trump
confirmed
the
nomination
on
his


Truth
Social
account.

“I
am
pleased
to
announce
that
Bill
Pulte
will
serve
as
the
next
Director
of
the
Federal
Housing
Finance
Agency,”
Trump
wrote.
“Bill
needs
no
formal
introduction
to
the
Great
Citizens
of
our
Country,
because
they
have
seen,
and
many
have
experienced,
his
philanthropy
firsthand.
He
believes
in
the
incredible
potential
of
our
Nation,
and
will
help
us
restore
the
American
Dream
FOR
ALL.”

If
Pulte
is
confirmed
by
the


Senate,
he
would
succeed

Sandra
Thompson
as
the
head
of
the
FHFA,
which
oversees
the
government-sponsored
enterprises
(GSEs)

Fannie
Mae
and

Freddie
Mac.
Thompson

announced
last
week
that
she
would
step
down
from
her
post
on
Jan.
19,
the
day
before
Trump’s
inauguration.

The


Community
Home
Lenders
of
America
(CHLA)
issued
a
statement
in
response
to
the
nomination.

“CHLA
congratulates
Bill
Pulte
on
the
announcement
that
he
will
be
nominated
for
FHFA
Director.
We
look
forward
to
working
with
him
on
the
critical
priorities
of

homeownership
affordability
and
protecting
smaller

IMBs
in
any
plan
in
which
Fannie
Mae
and
Freddie
Mac
exit
conservatorship,”
the
statement
read.

In
November,
The
New
York
Post

reported
that
Pulte
was
under
consideration
for
the
role
of
secretary
at
the


U.S.
Department
of
Housing
and
Urban
Development
(HUD).
But
less
than
two
weeks
later,
Trump
nominated
former
Texas
state
representative
and

White
House
official

Scott
Turner
for
the
HUD
post.
Turner
was
in
the
middle
of
his
own
Senate

confirmation
hearing
on
Thursday
when
Pulte’s
nomination
was
announced.

In
2011,
Pulte
founded

Pulte
Capital
Partners
LLC,
which
focuses
on
construction
investments
in
“middle-market
companies
and
lower-priority
divisions
of
national
companies,”
according
to
the
company’s
website.

His
nomination
comes
at
a
critical
time
for
the
FHFA
and
the
GSEs
as
the
second
Trump
administration
has

renewed
a
push
to
release
Fannie
and
Freddie
from
federal
conservatorship,
where
they
have
been
since
the
housing
market
crash
in
2008.
Earlier
this
month,
the

U.S.
Treasury
and
the
FHFA

took
key
steps
for
returning
the
GSEs
to
the
private
sector
by
amending
their
Preferred
Stock
Purchase
Agreements
(PSPAs).

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