Democrats question legality of Fannie, Freddie board purges
Less than 4 days after being confirmed as head of the mortgage giants' federal regulator, housing scion Bill Pulte fired 14 board members and made himself the chair of both companies
by Matt Carter Apr 16
'MAGA world's premier financier' joins Fannie Mae board of directors
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'
by Matt Carter Apr 15
Fannie Mae lays off 100 workers citing unethical conduct
Fannie Mae has confirmed the dismissal of over 100 employees in connection with a fraud scheme aimed at its charitable matching program
by Richelle Hammiel Apr 8
FHFA gutting Fannie, Freddie minority homeownership programs
Flood of orders published without explanation on social media target programs and practices designed to boost lending in minority communities, protect borrowers from deceptive practices
by Matt Carter Mar 26
Trump's FHFA could rein in Fannie and Freddie's high-end lending
Cutting the mortgage giants' $806.5K conforming loan limit could relieve pressure on home prices, but leave more homebuyers seeking jumbo mortgages at higher rates from private lenders
by Matt Carter Mar 25
US home prices rose modestly in January, led by NYC and Chicago
The FHFA Housing Price Index posted a 4.8% annual growth rate while the S&P CoreLogic Case-Shiller Indices showed a slightly lower increase of 4.1%, according to new data released Tuesday
by Richelle Hammiel Mar 25
Top Freddie Mac, FHFA executives dismissed in latest shakeup
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
by Richelle Hammiel Mar 21
Pulte chair of Fannie, Freddie after 14 board members are purged
Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion Bill Pulte launches a campaign to cut alleged wasteful spending at the mortgage giants
by Matt Carter Mar 18
Bill Pulte confirmed to lead Fannie and Freddie's federal regulator
Mortgage industry groups support the Trump administration's picks to lead the FHFA and CFPB, but questions remain about the prospects for dramatic policy shifts at the agencies
by Matt Carter Mar 14
December home prices extend decade-long growth streak
The FHFA Housing Price Index (HPI) and the S&P CoreLogic Case-Shiller Indices reported annual growth of 4.5% and 3.9%, continuing a streak of quarterly appreciation since 2012
by Richelle Hammiel Feb 25
Mortgage rates in retreat as investors weigh Trump's approach
After surprise inflation report, Trump administration says the Fed's interest rate decisions will be exempt from its attempt to exert more control over independent federal agencies
by Matt Carter Feb 19
Trump nominates Jonathan McKernan as director of CFPB
McKernan's prior roles include senior financial policy advisor for Sen. Bob Corker and posts with the Senate Committee on Banking, Housing, and Urban Affairs and the US Treasury
by Richelle Hammiel Feb 12
Rollout of new mortgage credit scoring models pushed back
Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date 'TBD'
by Matt Carter Jan 17
Trump nominates homebuilder scion to oversee Fannie, Freddie
The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3M followers on X
by Matt Carter Jan 16
Nation's biggest lender, UWM, is piloting Fannie Mae title waivers
Trade group for title insurers complains federal regulators are disregarding the views of lawmakers in allowing the program to move forward on the eve of a 2nd Trump administration
by Matt Carter Dec 12