MarketWatch
US · 18 mins ago
✦ 72◉ Centre
Trump taps Pulte for a top intelligence job. This makes an IPO for Fannie and Freddie look even more unlikely.
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Quality 72/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Bill Pulte, chair of Fannie Mae and Freddie Mac, has been appointed acting director of national intelligence by President Trump, prompting stock declines in the two mortgage companies and raising questions about the likelihood of their IPO.
Trump taps Pulte for a top intelligence job. This makes an IPO for Fannie and Freddie look even more unlikely.
Shares in Fannie Mae and Freddie Mac tumbled Tuesday as traders reacted to President Donald Trump’s announcement that Bill Pulte, the chair of the two government-backed mortgage giants, would serve as acting director for national intelligence.
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