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 Financial Officer Brian Hensen, to name two—were redirecting to 404-error pages yesterday, after announcements were made on Wednesday that they would lose their jobs, according to people involved. The firings were first reported by The Wall Street Journal. Doshi, Hensen, and others who were dismissed did not respond to requests for comment.
One person involved in the effort told me that the firings had been carried out because of an evolution in the business at Fannie and not for any ideological reason. “Mostly it was operational. We just don’t need them anymore, especially in the D.C. office,” this person told me, after requesting anonymity to describe personnel matters. “With the advent of AI and stuff, we have gotten a lot of savings.” Spokespeople for Fannie Mae and FHFA did not respond to requests for comment.
But the lasting impact of the firings may have more to do with Pulte’s positioning of himself as a go-to disrupter in Trump’s senior team. It’s a position that has caused tensions with other White House officials, who see Pulte as a distracting and problematic troublemaker who appeals to Trump’s most reckless instincts. Last year, Pulte proposed a new standard 50-year mortgage, which Trump briefly embraced, prompting a bipartisan backlash from policy makers who worried that Americans would lose out on equity gains. During a single July day in 2025, Pulte posted 15 separate attacks on Jerome Powell, then the chair of the Federal Reserve. “As someone with deep experience in construction, I am requesting to tour the Fed building and the new, ridiculous ‘renovations’, which I believe are riddled with fraud,” read one.
The Government Accountability Office has opened an investigation into Pulte’s use of typically private mortgage data to accuse prominent Trump targets, such as Federal Reserve Governor Lisa Cook, of mortgage fraud. Officials told me that Pulte had pushed Trump to replace the U.S. attorney in the Eastern District of Virginia, Erik Siebert, when he’d failed to indict a Trump foe on mortgage fraud. (The replacement, Lindsey Halligan, was later disqualified by a federal judge, and her major indictments have since been tossed.) When 61 former Fannie employees sued Pulte for defamation after he accused them without evidence of getting “kickbacks” for charitable donations, a judge tossed the case, finding that Pulte’s government position gave him legal immunity.
But Trump has long had a soft spot for the type of advisers he sometimes describes as “killers”—people defined by loyalty and a defiant focus on supporting the boss, even if they sometimes leave controversy in their wake. Trump’s first campaign manager, Corey Lewandowski, who recently left the administration, and his legal adviser Boris Epshteyn both fit that bill. In this way, Pulte continues to wield power, even if he is unlikely to receive another profane dinosaur trophy while serving U.S. taxpayers.
Isaac Stanley-Becker contributed reporting
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