October 1, 2026
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.
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.
Tuesday's announcement quickly drew criticism from Trump administration opponents that Pulte could undermine the credibility and integrity of America's intelligence agencies. But even some Republicans were wary about Pulte being the director of national intelligence.
“We don’t need a weaponized DNI. We need professionals there," said Senate Majority Leader John Thune, a Republican from South Dakota. "I’m trying to get more information about the current state of their thinking about that position. And, again, if he’s somebody they want in that position permanently, he’s got, as you all know, a lengthy road ahead of him.“
“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.”
Pulte's time overseeing mortgage finance has been linked with criminal referrals over allegations of mortgage fraud by public officials, 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.
If formally nominated, Pulte would need to be confirmed by the Senate to hold the position full-time.
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