Overview

• 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.