Diana Reid, the CEO of Freddie Mac (OTCQB: FMCC), has reportedly been fired by Federal Housing Finance Agency (FHFA) Director Bill Pulte.
No official statement of Reid’s firing was made by either Freddie Mac or the FHFA. Several news outlets, citing unnamed sources, reported that Reid and Dionne Wallace Oakley, Freddie Mac’s head of human resources Dionne Wallace Oakley, were dismissed yesterday. No explanation was given for their removals. The Freddie Mac website currently lists President Mike Hutchins as interim CEO.
Earlier this week, Pulte removed eight members from the board of directors at Fannie Mae and six from the board at Freddie Mac. Each board then received four new members – including Pulte, who took on the roles of chairman at each board.
Reid was appointed CEO last September. She was formerly executive vice president at PNC, and earlier in her career she was a founding partner at Beekman Advisors. She spent nearly 20 years at the investment bank formerly known as Credit Suisse First Boston, and she is a board member of Welltower Inc.
Fired? Sure. But what about that parachute clause in the employment contract? Sweet severance package!
Is it possible that Mr. Pulte has a bias against women execs???
Another step in the oligarchs dream of a full takedown of our democracy.
DJT is restoring our republic by cutting all the Democrap waste, fraud, and abuse as well as eliminating all the uncomstitutional socialist/communist bureaucracy.
You must be a Russian bot, cause no one could be that stupid?
we need to investigate all of trumps picks like Pulte and see if they have been involved in any crimaunal activity and then prosecute them and suspend their position until the outcome.
Poorly run by Incompetent appointees equals clean out the mess.
Shekar Narasimhan- Building a Financial Advisory Career Through an Affordable Housing Lens… this is Diane Reid’s founding company.., there’s a video.. of shekar.. and literally.. DEI.. taking real estate from people and creating leases/affordable but making a profit…they had their hand in changing the narrative to RE Associations and changing minds of the sales structure we all experienced thru NAR…
Do your research before you make comments saying it’s a bad thing… deep dive and if you see the narrative.. it all comes down to the same thing under a phony “ emergency or crisis” like housing.
You will own nothing and be happy if you don’t research the narrative…
Just like where I live full time… most of the owners around me are peoples/ investors 2nd home/vacation houses.. some own more than 1 near my lake side community..,
SHE THOUGHT KAMALA HARRIS WAS GOING TO BE ELECTED PRESIDENT. THAT’S THE WAY POLITICAL APPOINTMENTS WORK SOME TIMES.
It’s time to sell Fannie Mae and Freddie Mac to the open market and use the multiple billions to reduce the annual deficit. Maybe Freddie 1st and see what the market appetite is to maximize value for Fannie Mae.
That is the smartest, most constructive answer of all. Dems can look for solutions instead of bullying and crying! No more gratis…just get to work. The infighting and childish pranks have to stop.
Freddie and Fannie are quasi federal agencies. so it not as easy as just getting rid of them. And you obviously don’t know what Freddie and Fannie do or you would not advocate in getting rid of them. If you don’t have them, you don’t have anyone insuring home loans, which means you don’t have home loans.