President-elect Donald Trump has announced his intention to nominate Bill Pulte as the next director of the Federal Housing Finance Agency. Pulte, a private equity executive and grandson of PulteGroup founder William Pulte, is best known for his philanthropic efforts on social media platforms.

Bill Pulte will be Donald Trump's nominee to lead the Federal Housing Finance Agency, according to reports from multiple outlets on Thursday.

Pulte founded private equity firm Pulte Capital Partners in 2011 and is a philanthropist who has used social media to raise money. He is the grandson of real estate magnate William Pulte, the founder of publicly traded homebuilding construction and development company PulteGroup .

The private equity entrepreneur could take the job as the agency looks to release control of Fannie Mae and Freddie Mac.

President-elect Donald Trump on Thursday nominated businessman and philanthropist Bill Pulte, who lives in Florida but whose family has deep ties to metro Detroit, to serve as director of the Federal Housing Finance Authority.

President-elect Donald Trump has chosen Bill Pulte as his new director of the Federal Housing Finance Agency (FHFA).

U.S. President-elect Donald Trump said on Thursday he would nominate Bill Pulte to be the next director of the Federal Housing Finance Agency (FHFA). "Bill needs no formal introduction to the Great Citizens of our Country,

President-elect Donald Trump has nominated Bill Pulte, the homebuilding scion and online personality, to serve as director of the Federal Housing Finance Agency.