Pulte’s

post
read,
“We
do
not
foresee
any
more
executive
leadership
changes
at

Fannie
Mae
&

Freddie
Mac.
Our
focus
will
now
turn
to
growth,
making
homes
more
affordable,
rooting
out
mortgage
fraud,
&
providing
great
career
opportunity
[sic]
to
those
who
make
Fannie
&
Freddie
great
American
Icons,
again!”

In

a
separate
X
post,
Pulte
also
welcomed
feedback
regarding
innovation
at
the
GSEs.
“We
are
actively
working
on
new
programs
and
new
products
at
Fannie
Mae
and
Freddie
Mac.
If
you
have
ideas
on
what
to
do
differently,
please
reach
out!
Innovation
is
the
hallmark
of
American
business,
and
we
intend
on
bringing
that
to
Fannie
&
Freddie,
all
safely
and
soundly!”
the
post
read.

Pulte’s
post
marks
a
hopeful
end
to
a
string
of
several
actions
that
have
left
the
fates
of
both

GSEs
in
limbo,
namely
the

firing
of
100
Fannie
Mae
employees
due
to
unethical
conduct
and
the

canceling
of
$6.4
million
in
“DEI
nonsense”
at
the
agencies.

Since
his

confirmation
as
FHFA
Director
in
early
March,
Pulte
has
made

sweeping
changes
to
Fannie
and
Freddie’s
boards.
He
also
made
it
clear
that
pulling
Fannie
Mae
and
Freddie
Mac
out
of
conservatorship
is
his

top
priority.

“For
far
too
long,
Fannie
Mae
and
Freddie
Mac
have
been
underperforming
(compared
to
where
they
should
be
at)
as
companies
and
in
Safety
and
Soundness
but
now,
thanks
to
President

Trump
and
his
Golden
Age
of
Housing,
we
will
fix
it,
Effective
Immediately!”
he

posted
on
X
shortly
after
his
confirmation.

At
the
start
of
April,
it
was
also
confirmed
that
Capital
One
multifamily
finance
executive
Grace
Huebscher,
who
served
as
Chair
of
the
Risk
Committee
and
a
member
of
several
other
committees,

resigned
from
Freddie
Mac‘s
board
on
March
24.
A
subsequent
securities
filing
confirmed
that
Huebscher
was
succeeded
by
Michael
Parrott,
who
will
act
as
Conservator
on
the
Board.
The
same
filing
named
Ralph
“Cody”
Kittle,
a
partner
at
investment
firm
RenWave
Kore,
to
the
Audit
Committee
of
the
Board
of
Directors
of
Freddie
Mac.

According
to
a
report
from

Government
Executive,
the
FHFA
also

shuttered
two
of
its
departments
in
the
middle
of
March,
which
resulted
in
a
workforce
cut
of
about
10%.

Just
last
week,
Pulte
announced
via
X
that

Omeed
Malik
joined
Fannie
Mae‘s
board
of
directors.
The

FHFA
also
announced
the

establishment
of
a
new
tip
line
to
target
mortgage
fraud,
which
circles
back
to
Pulte’s
original
goals
following
his
confirmation.