Pulte talked about pulling the GSEs out of conservatorship and vowed to fix underperformance of Fannie and Freddie "effective immediately!"

The Senate has confirmed Bill Pulte as the director of the Federal Housing Finance Agency by a vote of 56-43. This appointment positions Pulte at the forefront of a contentious debate over the future of Fannie Mae and Freddie Mac.

Businessman and philanthropist Bill Pulte, who founded the Detroit Blight Authority and whose family has long been connected with southeast Michigan, was confirmed by the U.S. Senate on Thursday to lead the Federal Housing Finance Agency for the Trump administration.

Three Democratic senators joined Republican colleagues to confirm the businessman, who previously voiced his support for easing government regulations.

The Senate voted 56-43 to confirm Bill Pulte, a businessman with ties to Michigan, to serve as director of the Federal Housing Finance Agency.