President Donald Trump announced on Truth Social Tuesday that he is appointing William J. Pulte to be acting director of national intelligence, following the resignation of Tulsi Gabbard. Pulte is director of the Federal Housing Finance Agency, in which capacity Pulte has also appointed himself chairman of the Federal National Mortgage Association (a.k.a. Fannie Mae) and the Federal Home Loan Mortgage Corporation (a.k.a. Freddie Mac)—two government-sponsored (and, since 2008, government-controlled) enterprises assigned the task of keeping houses affordable. Fannie Mae and Freddie Mac pursue this goal by buying and securitizing mortgages. Trump said Pulte will retain these three posts while he serves as director of national intelligence.
That isn’t quite right. Pulte has quite a lot of experience using his position at FHFA to gather intelligence on the mortgages held by Trump’s enemies. That is perhaps what Trump meant in his Truth Social post when he said Pulte had “deep experience managing the most sensitive matters in America.”
These escapades may have given Pulte “deep experience managing the most sensitive matters in America,” but nobody would accuse Pulte, even on his own corrupt terms, of managing them particularly well. Further investigation established that criminal charges against Cook, Schiff, and James would never stick. Meanwhile, it came out that four members of Trump’s own second-term Cabinet—former Labor Secretary Lori Chavez-DeRemer; Transportation Secretary Sean Duffy; Environmental Protection Agency Administrator Lee Zeldin; and Treasury Secretary Scott Bessent—similarly claimed two primary residences on their mortgage applications, along with Trump’s chief of staff, Susie Wiles and—rimshot, please—Pulte’s own father and stepmother. Needless to say, Pulte did not refer these cases to the Justice department. (For details, see my “Trump’s Argument for Firing Lisa Cook Lies in Tatters,” September 2025.)
It could be argued that it doesn’t matter who ends up being the director of national intelligence, or DNI, because it’s a bullshit job. (That’s why it was given to the maladroit Gabbard in the first place.) The position was created after 9/11 to address a breakdown in communication among the various intelligence agencies prior to that catastrophe. But it’s never been clear what the director of national intelligence does all day except prepare the Presidential Daily Brief, which Trump doesn’t read. Indeed, Politico reported last month that during his first 16 months in office Trump couldn’t sit still for more than a dozen verbal intelligence briefings. He’d rather watch Fox News. If Trump did read his Presidential Daily Brief he might learn that—according to a Tuesday Reuters report—the CIA has “stopped contributing to some intelligence assessments” produced by DNI, “including those related to the Iran war, as disputes over intelligence-sharing and areas of responsibility boil over.”
If Pulte can stir trouble with the unpromising raw material of mortgage documents, one shudders to think what kind of havoc he can unleash with intelligence files. As Brett Bruen, a former National Security Council under President Barack Obama, told CNBC, Pulte’s weapons stockpile will now graduate from “cafeteria-type sensitive information to the crown jewels of our most protected secrets.”
It couldn’t happen to a nicer fella. Treasury Secretary Scott Bessent is on record telling Pulte, “I’m gonna punch you in your fucking face,” probably because of Pulte’s tactics in trying to end-run Bessent on re-privatizing Fannie and Freddie, where Bessent (with excellent reasons) wants to go slow. Hill Republicans can’t stand Pulte either. “I think he’s a nut,” one told Politico in September. Not even Pulte’s own family can bear him. The New York Times reported in November that in 2020 he was pushed off the board of the gigantic residential-building firm his grandfather started, PulteGroup, and that in 2023 his family’s charitable foundation issued a statement saying Pulte represented neither the foundation nor the family.
In other words: Pulte is another one of those very broken people Trump draws like flies to a cow pie. Everybody hates the man, and his opportunities to exact revenge just multiplied by approximately one thousand.
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