Fannie Mae and Freddie Mac fall, Acting FHFA Director also serving as acting Chief Intelligence Officer raises questions

Fannie Mae and Freddie Mac common stock fell on Tuesday after President Trump appointed Acting Director of the Federal Housing Finance Agency Bill Pulte as Acting National Intelligence Director. Pulte lacks a background in national security, and it is expected that he will continue to serve as Acting National Intelligence Director while also acting as director of FHFA, Fannie Mae, and Freddie Mac. The stock prices of Fannie Mae and Freddie Mac both fell by over 3% on Tuesday, with both companies' stock prices down by over 30% year-to-date.