Freddie Mac CEO Fired as FHFA Tightens Grip on Mortgage Giants

Bill Pulte, head of the Federal Housing Finance Agency, consolidates control over Freddie Mac and Fannie Mae in a leadership shake-up tied to privatization plans.

Freddie Mac CEO Diana Reid was dismissed by FHFA Director Bill Pulte as part of a broader leadership overhaul initiated in March 2025.
Pulte has replaced several board members at Freddie Mac and Fannie Mae, further strengthening federal oversight of the entities.
Freddie Mac and Fannie Mae, which guarantee half of U.S. home loans, have been under federal conservatorship since the 2008 housing crisis.
The Trump administration continues to explore privatizing the two mortgage giants, raising questions about market stability and housing finance policy.
Critics warn that the abrupt changes and uncertainty surrounding privatization could disrupt the housing market, particularly for middle- and low-income borrowers.