"Following the move, Hamara resigned from Freddie Mac's board of directors, effective Monday, according to a Securities and Exchange Commission (SEC) filing. Under the Trump administration, the boards of the government-sponsored enterprises (GSEs) have undergone several leadership changes. In his first week as FHFA director, Pulte made immediate waves by removing 14 board members across Fannie Mae and Freddie Mac, adding new ones, and appointing himself chair of both boards. Hamara was among the new members added to Freddie Mac."
"Hamara's appointment signals a push to bolster the homebuilding sector amid persistent housing shortages. Housing inventory reached a historic low in 2022 but has risen this year, giving buyers more options. HousingWire's latest Housing Market Tracker, which uses weekly data, shows that national inventory for existing homes rose to 863,972 homes last week. In my view, it will take somebody with deep understanding of homebuilding in order to get homebuilding going again."
"Federal Housing Finance Agency Director Bill Pulte announced on Tuesday that homebuilder executive Brandon Hamara, vice president at Tri Pointe Homes, will join Fannie Mae as a board member. I am pleased to announce that Freddie Mac board member, Brandon Hamara, who is an expert in homebuilding, and a leader at Tri Pointe Homes, will be joining Fannie Mae full-time, and as a board member, to further effectuate homebuilding in our great country, Pulte wrote in a post on X."
Bill Pulte, Director of the Federal Housing Finance Agency, announced that Brandon Hamara, vice president at Tri Pointe Homes, will join Fannie Mae's board. Hamara resigned from Freddie Mac's board, effective Monday, according to an SEC filing. The GSE boards have experienced multiple leadership changes under the Trump administration; Pulte removed 14 board members in his first week, added new members, and appointed himself chair of both Fannie Mae and Freddie Mac. The appointment aims to bolster homebuilding amid persistent housing shortages, while national existing-home inventory has risen this year to 863,972 homes.
Read at www.housingwire.com
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