Freddie Mac is potentially facing significant leadership changes as reports indicate CEO Diana Reid may be ousted amid management restructuring by newly appointed FHFA Director Bill Pulte. Pulte has already enforced a return-to-office mandate for staff and reshuffled board members at both Freddie Mac and Fannie Mae. This period is marked by Pulte aiming to enhance operational efficiency and oversight within the government-sponsored enterprises (GSEs), resulting in a potential workforce reduction of around 10%. Additionally, former staffer Aaron Kofsky has joined FHFA to help direct these significant changes.
The current situation reflects significant upheaval at Freddie, with the potential ousting of CEO Diana Reid, which could redefine leadership dynamics under FHFA's new management.
Bill Pulte's recent actions, including workforce mandates and board changes at both GSEs, indicate a shift towards stricter oversight and operational efficiency within Freddie Mac and Fannie Mae.
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