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FHFA Overhauls Freddie Mac Leadership Amid Workforce Cuts

3/21/2025

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Summary

Story summary

The Federal Housing Finance Agency (FHFA) has terminated key executives at Freddie Mac, including CEO Diana Reid and COO Gina Cross.
FHFA Director Bill Pulte has implemented major board changes at Freddie Mac and Fannie Mae, promoting a return to in-office work.
The FHFA is reducing its workforce by nearly 10% as part of government efficiency initiatives.
Amtrak CEO Stephen Gardner resigned amid pressure from President Trump, who seeks to privatize government services.

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Story summary

The Federal Housing Finance Agency (FHFA) has terminated key executives at Freddie Mac, including CEO Diana Reid and COO Gina Cross.
FHFA Director Bill Pulte has implemented major board changes at Freddie Mac and Fannie Mae, promoting a return to in-office work.
The FHFA is reducing its workforce by nearly 10% as part of government efficiency initiatives.
Amtrak CEO Stephen Gardner resigned amid pressure from President Trump, who seeks to privatize government services.