Ackman thinks FRE stock is stupidly cheap. When I see pet Pulte on TV behind Trump, I think the stock is stupidly overpriced.
toxic enviroment
Too many old timers in powerful positions just playing game of chess with their resources, shameful. Destroying lives.
A bunch of resignations post March 6
Mike and HR will meet his 10% staff reduction quota just through resignations
Is there a pause in the layoffs?
Calm before the storm?
HR layoffs happening right now
A couple of hours just got word that folks are getting laid off in HR...Who else is affected?
Nazarro's Promised Reward Realized
Fourteen months ago, Frank Nazarro said if you were still here in a year, there would be some sort of grand reward. What is this grand reward comprised of? Lived through a work nightmare for well over a year Congratulations for making Fannie's... — read more
Net income drops 10% in 2025, yet
President and CFO get a big raise and 12% of employees get laid off. Do we call it Pulte-Hutchins Strategic Pivot Cul-de-Sac or Bill-Mike Speed Bump?
When is the next round of layoffs?
March or later?
AFFORDABILITY UPDATE: CFO got a raise
Mike and Jim both got raises; ~1000 people overall got laid off
HYBRID out; executive comp isn’t tied to engagement
Board approved Mikes request to remove employee engagement results from a compensation calculation for SOC. But enjoy bigger bonuses funded by layoffs
Remember Mikes 1.5mil raise
When they tell you 3% is all they had in the budget for you this year.
Speaking of TOXIC CULTURE
Why do the members of the EAF team believe they are holier than thou? They act like the rest of the company is dirt under their feet. LAY THEM OFF AND REPLACE THEM!
Did anyone attend the SF Town Hall?
I missed the Single Family Town Hall and heard the related Fishbowl threads were removed. Can anyone who attended share what happened?
In loving memory of Mike — returns were everything
We successfully became a single purpose hedge fund under his management.
Imagine
CEO doesn't even show up in office for the all hands after forcing everyone back 5 days 🤡🤡
What's the current employee count?
Does anyone here know?
Fannie new holidays - Dec 24, Dec 26
Friends at Fannie said they got new company holidays - December 24 and 26.
Brace for impact
Good luck.
This IPO is gonna be awesome
https://www.nytimes.com/2025/11/14/business/bill-pulte-mobile-homes-fhfa.html
WSJ: Fannie Mae Watchdogs Probed How Pulte Obtained Mortgage Records of Key Democrats
Not much to add. At Freddie, his people got untraceable access to all the borrowers data too to dig dirt on political opponents. Infosec and senior leaders knew, no alarms were sounded. The rules of “safety’n soundness” and ethics are only for us
“Bill Pulte doesn’t know the first fu--ing thing about how the mortgage markets operate,”
Politico: ‘Sold POTUS a bill of goods’: WH furious with Pulte over 50-year mortgage. This might put a kabash on the ipo idea and pulte himself. But Mike might still want to continue with the layoffs. It’s his favorite thing to do - to get rid of... — read more
Carnage at Fannie today
You realize this will happen in Freddie few weeks from now?
Fannie dropped minimum FICO… Pulte is a fool. He is cruel, but he is a fool. We have had cruel kings, and we have had weak kings…
paraphrasing Tywin Lannister, Pulte (Joffrey) is a fool. He is cruel, but he is a fool. We have had cruel kings, and we have had weak kings, and we have had mad kings… but I do not know if we have ever been cursed with a king who was all three.
@Pulte thank you!
Thanks Bill Pulte for making it so easy to get rid of the few remaining whites DEI couldn't help. The kickbacks occur in India, Freddie cannot see them.
Fridays security deadline
Never seen such a clear excuse to use to cut people who arent aware of not being in compliance
Pulte accesses every stroke (PCs) and every move (video feed) we make
What is the goal besides layoffs? Any insights?
Freddie’s lost its mojo. No inspiration, just cuts and numbers.
Leaders are afraid to communicate, afraid to get in the news, afraid of baby-napoleon-pulte, afraid to have ideas. The only word left in their vocabulary is efficiency. They think they are being political savvy tracking people’s calendars, emails... — read more
Pulte’s goal for both GSEs is a significant reduction in labor. The orders are direct.
Many people are expected to make lots of money on the IPO shares sale, including Pulte’s friends. Some of them are now getting the contracts and Fannie and Freddie are paying for the contracts.
Freddie Mac and Fannie Mae - INDIANS ONLY!
If you are not Indian, forget applying. In fact, if you already work here, you will soon be laid off. INDIANS ONLY!
Layoffs happening company wide, especially remote workers
If you're a remote worker, watch out for layoffs. There aren't many left, and the goal is to have zero. FM used to be a decent place to work - now Pulte has turned it into a joke.
Layoff of he-l has initiated folks
I got the email today at 4:41pm from my VP to work remote and that my building access has been restricted. With the subject line “ORGANIZATIONAL CHANGE” bs. Also I’m in EOT division. Never thought they would let an associate II level go instead of a... — read more
What is the total number of employees they are trying to reach?
Obviously there is a target.
Target ROE
How do you think we are going to achieve it? By singing kumbaya? By cutting staff you fools.
This Friday
It begins again.
Just overheard that External Affairs is merging with the HR division
i guess that's why they aren't looking for a CAO anymore...Thoughts?