Smith's expertise in financial services was cited as an asset as the Trump administration prepares to sell part of its ownership stake in Freddie Mac and Fannie Mae in a public offering
FHFA acting Inspector General John "Joe" Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering
For the real estate and mortgage industries, it remains to be seen how the new course the Trump administration has set for Fannie and Freddie will impact homebuyers
Fannie Mae CEO Priscilla Almodovar was replaced on an interim basis by COO Peter Akwaboah. FHFA Director Bill Pulte fired Freddie Mac CEO Diana Reid in March after board shakeup
Impact on rates depends on the structure of rumored IPO. Whatever the plan, the Trump administration has stacked the boards at the mortgage giants with its supporters
Omeed Malik, founder of investment bank Farvahar Partners and venture capital firm 1789 Capital, is a business partner of Donald Trump Jr. and is also said to be a 'close friend'
Some experts are intrigued by the idea floated by Treasury Secretary Scott Bessent, saying it could help put the mortgage giants on sound footing without boosting mortgage rates
Among those dismissed were Freddie Mac CEO Diana Reid and Head of Human Resources Dionne Wallace Oakley. FHFA COO Gina Cross and HR Director Monic Matthews were placed on leave
Inflation and sticky mortgage rates undercut the housing market in 2024. President Trump has vowed to force both metrics down — but conflicting economic policies may make that goal difficult
The 2025 Power Players award celebrates 143 leaders whose power and influence are shaping real estate's future. This marks the start of a year dedicated to honoring the best of our community
Opinion
With some calling for the removal of 'Days on Market' data on listings, broker Cara Ameer warns that consumers need context, insight and advice — and concealing the information is a disservice
Mortgage giants Fannie Mae and Freddie Mac provided backing for $164B in purchase mortgages in Q3, up 10% from Q2, while remaining profitable and growing their combined net worths to $147B
With former JP Morgan Chase Director Priscilla Almodovar serving as Fannie Mae's CEO since 2022, both mortgage giants are now led by women for the first time in history