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President Trump named William Pulte, the head of the Federal Housing Finance Agency, to serve as the acting head of the Office of the Director of National Intelligence.

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In tapping Pulte, Trump turns to an ally who has been behind referring several of his foes for prosecution for alleged mortgage fraud. Pulte would replace Tulsi Gabbard, who resigned last month.

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“William has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 Trillion Dollars at Fannie Mae/Freddie Mac, a substantial increase from where it was just 12 months ago. During this period, he will remain Director of the Federal Housing Finance Agency, and Chairman of Fannie Mae/Freddie Mac. Congratulations to Director Pulte!” Trump wrote on his social media site.

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It’s an unusual selection for several reasons. Pulte, who previously owned a construction company and private equity firm, has no high-level national security experience.

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