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. Continue reading
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. Continue reading
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. Continue reading
Fannie Mae President and CEO Priscilla Almodovar has been replaced on an interim basis by Chief Operating Officer Peter Akwaboah. FHFA Director Bill Pulte fired Freddie Mac CEO Diana Reid in March after board shakeup. Continue reading
Impact on rates depends on the structure of rumored IPO. Whatever the plan turns out to be, the Trump administration has stacked the boards at the mortgage giants with its supporters. Continue reading
Omeed Malik, founder of investment bank Farvahar Partners and venture capital firm 1789 Capital, is a business partner and “close friend” of Donald Trump Jr. Continue reading
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. Continue reading
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. Continue reading
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. Continue reading
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. Continue reading