WASHINGTON (AP) — President Donald Trump has tapped Bill Pulte, head of the Federal Housing Finance Agency, to be the acting director of national intelligence — elevating a real estate scion without any clear national security credentials to a key post as the U.S. remains at war with Iran.
Trump made the surprise announcement Tuesday on social media that Pulte would be replacing Tulsi Gabbard, the former Hawaii congresswoman who had served as the director
of national intelligence. Trump said Pulte will keep his other positions even as he fills in for Gabbard, who resigned last month after revealing her husband’s cancer diagnosis.
The Republican president cited Pulte's work at the FHFA and his role as chair of the mortgage giants Fannie Mae and Freddie Mac as indicating that his real estate work would overlap with the skills needed to coordinate 18 federal agencies tasked with aspects of foreign and domestic security.
“William has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets," Trump posted on Truth Social.
Trump's choice to elevate Pulte, who would also continue in his post at FHFA, shows how the president is putting a greater priority on loyalty to him, even as the side effects of the Iran war has damaged Trump politically going into November's midterm elections and raised basic concerns about the quality of advice that aides are giving to a president who has rewarded flattery.
It’s unclear what national security expertise Pulte brings to bear as the U.S. faces conflict in the Middle East, helps Ukraine defend itself against Russia's assault and manages the emergence of artificial intelligence as a military tool. But Pulte, who's 38 years old, has been a frequent guest on Air Force One as Trump has traveled to Mar-a-Lago, his home and club in Palm Beach, Florida.
On one such flight, the housing finance director stood in a doorway as Trump discussed with reporters the ballroom he’s building at the White House and handed Trump a series of renderings of the project that the president held up.
Tuesday's announcement quickly drew criticism from Trump administration opponents that Pulte could undermine the credibility and integrity of America's intelligence agencies.
“The concern is not only that Mr. Pulte lacks the ‘extensive national security experience’ required by statute for the job, which was created after intelligence failures led to the deaths of thousands of Americans on 9/11," said Sen. Mark Warner, D-Va., in a statement. “It is that he appears to have been selected precisely because the White House believes he will provide the narrative it wants, not the intelligence we need.”
Sen. Elizabeth Warren, D-Mass., said Pulte has been “abusing his authority” as the federal housing finance director and Trump is now "rewarding his lackey — who has no national security experience — with a perch atop our nation’s intelligence community. What could go wrong?”
Robert Weissman, co-president of Public Citizen, the liberal consumer rights advocacy group, warned that Pulte was “Trump's hatchet man” who would use the government against those Americans who object to the president's actions.
“Placing Pulte in this post would position him to use the nation’s massive surveillance apparatus and police capacity to harass, intimidate and threaten the many, many people that Trump considers his enemies," Weissman said.
As the grandson of the founder of PulteGroup, one of the country's largest homebuilders, Pulte has cut a combative streak on social media and used his post at the FHFA to attack perceived opponents of the Trump administration.
His time overseeing mortgage finance has been linked with criminal referrals for mortgage fraud by public officials Trump sought to punish, including New York Attorney General Letitia James, a Democrat; Sen. Adam Schiff, D-Calif.; and Lisa Cook, a board member of the Federal Reserve, who was nominated by a Democratic president, Joe Biden.
The prosecution against James was dismissed in November after a judge concluded that the prosecutor who filed the charges was illegally appointed. Other referrals made by Pulte, including against Schiff and Cook, have not yielded any criminal charges. Lawyers for both have denied any claims of wrongdoing. But Trump did try to use the possibility of mortgage fraud as grounds for removing Cook from the Fed.
Cook’s lawyer accused Pulte of pursuing mortgage fraud on a partisan basis, focusing on Democrats and refusing to pursue similar allegations against Republicans.
Pulte told reporters at the White House several months ago that he had also made criminal referrals regarding at least one Republican official, but he declined to provide the name.
He has famously gone after then-Fed Chair Jerome Powell for not cutting the central bank’s benchmark interest rates as aggressively as the president wanted. He has also been linked to ideas such as the 50-year mortgage and efforts to lower mortgage rates through the purchase of home loan debt that have not paid off as promised, as mortgage rates began to climb after the Iran war started at the end of February.
Pulte has a reputation for cultivating enemies. In a legal feud pursued by Pulte that involved his family namesake's homebuilding company, he accused his grandfather’s widow of insider trading. He was believed to be the driving force behind a website trashing an aunt as a “fake Christian.” And he publicly blasted another relative as “a fat slob,” “weirdo” and “grifter,” according to court records.
Politico reported in September that Treasury Secretary Scott Bessent threatened to punch Pulte in the face. The showdown occurred at a private dinner, and the treasury secretary claimed that he had heard Pulte had been badmouthing him to Trump.
If formally nominated, Pulte would need to be confirmed by the Senate to hold the position full time.
In his first term, Trump at various points had acting officials leading the Justice and Defense departments and in top posts at Homeland Security and the Interior.
