Fannie, Freddie Stock Drops on Pulte's National Intelligence Appointment -- WSJ

Dow Jones06-02

By Ben Glickman

Shares of Fannie Mae and Freddie Mac, the government-backed mortgage giants, fell today after Bill Pulte was appointed interim director of national intelligence.

Pulte, the close Trump ally overseeing the Federal Housing Finance Agency who was just named interim intelligence chief today, has been an advocate of stock offerings for both entities. Shares in Fannie and Freddie, which trade over the counter, have surged since President Trump's election on hopes of an IPO.

The president said Pulte would remain director of the FHFA and the chairman of Fannie and Freddie.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 02, 2026 11:06 ET (15:06 GMT)

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