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.
Homebuilders in the U.S. are cautiously optimistic as mortgage rates have dropped near 6%, offering a potential boost to a sluggish housing market. Despite disappointing housing permit data, this dip in rates could revitalize homebuilding activity, which has been weighed down by elevated mortgage rates and growing home inventory. Housing permits, which have been declining since early 2022, took another downturn today with the latest housing starts data.
But everyone we approached told us there was absolutely no chance of getting planning permission to build on our agricultural land - it was so frustrating.
"The design of each house and the layout of the entire subdivision with healthy buffers between each building and scant flammable vegetation meet standards set by the Insurance Institute for Business & Home Safety."
The couple prioritized air quality, natural materials, and low-toxin finishes, resulting in a single-storey home designed to ensure a safe environment for their children.
