Story perspectives

New FHFA Director Cleans House Amid Housing Market Shake-Up

3/23/2025

31 2

Summary

Story summary

Bill Pulte, the new FHFA director, dismissed 14 board members from Fannie Mae and Freddie Mac, assuming the chair position.
He terminated Freddie Mac CEO Diana Reid and placed several top executives on leave.
Fannie Mae is intensifying efforts against mortgage fraud, identifying eight borrowers involved in $700 million in schemes.
Existing home sales increased in February, despite mortgage rates holding steady at approximately 6.65%.
Los Angeles Mayor Karen Bass is contemplating a suspension of the contentious Mansion Tax, Measure ULA.

1 of 1

Story summary

Bill Pulte, the new FHFA director, dismissed 14 board members from Fannie Mae and Freddie Mac, assuming the chair position.
He terminated Freddie Mac CEO Diana Reid and placed several top executives on leave.
Fannie Mae is intensifying efforts against mortgage fraud, identifying eight borrowers involved in $700 million in schemes.
Existing home sales increased in February, despite mortgage rates holding steady at approximately 6.65%.
Los Angeles Mayor Karen Bass is contemplating a suspension of the contentious Mansion Tax, Measure ULA.