Fannie Mae and Freddie Mac, mortgage giants, are shaken up by their federal regulator.

The Federal Housing Finance Agency (FHFA) initiated significant changes on Monday by replacing 14 board members at Fannie Mae and Freddie Mac, the two pivotal mortgage finance firms in the U.S. The changes come under the newly confirmed director, William Pulte, who has indicated via social media that reforms are on the horizon. While there’s interest in ending the federal conservatorship governing these firms, challenges such as high mortgage rates at 6.7% remain. Pulte aims to revitalize these institutions, potentially impacting home buying for younger Americans.

"Make Mortgages Great Again" and other posts hinted at significant changes coming for Fannie Mae and Freddie Mac under the new leadership of William Pulte.

The recent shake-up at Fannie Mae and Freddie Mac could signify a critical shift in direction for the companies, heavily influencing the U.S. housing market.

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