Bill Pulte suggesting Fannie Mae might receive the DOGE treatment that other government entities have already experienced...
going on to say Fannie and Freddie’s workforce of 15,000 people have been “under performing as companies and in safety and soundness... "we will fix it, Effective Immediately.”
https://www.housingwire.com/articles/bill-pulte-pledges-to-scrutinize-underperforming-fannie-mae-freddie-mac/
8 replies (most recent on top)
Clearly some here don’t understand the the GSEs are making the government money not losing it. You forget all these works have families that depend on them and some were.classified fully remote when they were hired. In a horrible job market, they will be out on the street - trying to feed their families and get medical care where there are already substantial cuts to programs. This is shameful.
Freddie and Fannie are NOT in the red, that is a blatant lie!
But that guy resigned, may be he doesn't want to be part of the upcoming mess : "Musk Ally Stanley Abruptly Resigns From Fannie Mae Board"
https://www.bloomberg.com/news/articles/2025-03-19/musk-ally-stanley-abruptly-resigns-from-fannie-mae-board
The NYT reporting: Mortgage Giants Fannie Mae and Freddie Mac Brace for Job Cuts.
"One of the new directors Mr. Pulte named to the Fannie board is Christopher Stanley, an executive at Elon Musk’s SpaceX who is working with Mr. Musk and his group, the Department of Government Efficiency, in efforts to downsize the federal work force. "
https://www.nytimes.com/2025/03/18/business/trump-doge-federal-housing-agency-cuts.html
Russian fu--ing bot...
This is starting to look ugly after the 40% cut at Ginnie Mae. Buckle up and hopefully they don’t cut everything at once. Board changes look like just the start of significant changes coming.
Are you serious with "in the red" lol Fannie Mae has about $4 trillion in assets and is a near top-ten company in profits...stop fearmongering. Also I need to know how you "doge" a company with a private charter...
Its beyond time to do so. Fannie mae and Freddie Mac are broken, in the red and bereft of direction. Complete overhaul needed