Fannie Mae and Freddie Mac have seen significant leadership changes, including the termination of Laurel Davis and the entire ESG team, as part of a broader agenda by FHFA Director Bill Pulte. This move follows the Trump administration's dismantling of initiatives focusing on diversity, equity, and inclusion, alongside climate-related mandates. Pulte aims to refocus these government-sponsored enterprises on growth and making housing more affordable, while also addressing concerns about excessive spending and inefficiencies within the organizations.
Laurel Davis's termination, along with the cuts to the entire ESG team, reflects a significant shift in priorities at Fannie Mae and Freddie Mac.
The decision to dismantle DEI initiatives and climate-related mandates signals a move towards a focus on growth and affordability in housing.
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