Trump Administration Consolidates Leadership of GSEs

The Trump Administration’s newly appointed head of the Federal Housing Finance Agency (FHFA), William Pulte, removed 14 members of the board of directors of both Fannie Mae and Freddie Mac on March 17, 2025, installing himself as chairman of both entities.  No reasons were given for the firings.  Four new board members were appointed to Fannie. 

Both Fannie Mae and Freddie Mac have been under the conservatorship of FHFA since the subprime mortgage crisis in September 2008.