William Pulte's leadership at the Federal Housing Finance Agency is marked by swift actions, including placing 35 unionized employees on administrative leave without notice. This approach supports the Trump administration's efforts to reduce the government workforce. Employees and legislative protests reflect the discontent with the rapid restructuring efforts. The agency oversees significant aspects of the mortgage market through Fannie Mae and Freddie Mac, entities crucial for liquidity in home lending since the financial crisis. The restructuring aims to streamline operations while maintaining compliance with laws.
"We are streamlining our Agency and its naming conventions, but F.H.F.A. will continue to follow all mandated laws."
"Gray Kimbrough, an F.H.F.A. economist who was not among the affected employees, said in a social media post on Wednesday that those placed on leave had been rushed out of the building and given no time to pack up their personal items."
#housing-policy #fannie-mae #freddie-mac #federal-housing-finance-agency #government-workforce-reduction
Collection
[
|
...
]