Another Pulte Purge, This Time at Fannie Mae
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Before becoming a regular travel companion of President Trump's, the nation's top housing-finance official and the nation's top intelligence official for one summer, Bill Pulte, was a meme-stock celebrity who was once honored in a livestream with a gag dinosaur trophy inscribed with the words Bill Pulte Fucks on the front and only the young on the back. "That looks pretty badass," he said upon accepting the bizarro honor. The 38-year-old heir to a developer dynasty has brought the same raw attitude to his time as a government servant. In his first months at the head of the Federal Housing Finance Agency, he oversaw hundreds of firings at the agency and at Fannie Mae and Freddie Mac, and replaced both organizations' chief executives. He boasted of overseeing five rounds of layoffs during his six-week stint as acting director of national intelligence that eliminated the staff by about 30 percent at an agency that Trump has long viewed as redundant and adversarial. Then, this week, just days after returning to his old job at FHFA, he fired about a dozen more senior executives at Fannie Mae, a government-sponsored company that guarantees $4.1 trillion in U.S. mortgages, two people familiar with the firings told me. Read: Trump Has a Bill Pulte Problem The bio pages of some of the company's top executives - Senior Vice President of Capital Markets Devang Doshi, Multifamily Chief...
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