The timeline below highlights the key actions and reports involving Federal Housing Finance Agency (FHFA) Director Bill Pulte and their impact on the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac since Pulte’s nomination by President Donald Trump in January and his subsequent assumption of office in March.
January/February
- January 16: President Trump announces Bill Pulte as nominee for FHFA director.
- January 29: Mortgage Bankers Association (MBA) expresses support for FHFA nominee Bill Pulte.
- February 25: Bill Pulte discloses his investments.
- February 27: Bill Pulte outlines his vision for FHFA under the Trump administration.
March
- March 13: Senate confirms Bill Pulte as FHFA director.
- March 13: New FHFA Director Bill Pulte focuses on GSE reform.
- March 14: Pulte promises to investigate ‘underperforming’ Fannie and Freddie, combat mortgage fraud.
- March 17: Pulte implements significant changes to the boards of Fannie Mae and Freddie Mac.
- March 18: Speculation arises about Fannie and Freddie receiving treatment similar to DOGE.
- March 19: Community Home Lenders Association (CHLA) urges FHFA director to consider issues faced by small independent mortgage banks.
- March 20: Fannie Mae board member with ties to DOGE resigns shortly after appointment.
- March 20: FHFA reduces staff as Freddie Mac announces termination of remote work.
- March 20: Key executives at Freddie Mac and FHFA are dismissed.
- March 24: Proposal to add GSEs to sovereign wealth fund suggested by Bessent.
- March 24: Closure of FHFA offices impacts fair lending and consumer protection.
- March 25: Pulte confirms no reduction in conforming loan limits for Fannie and Freddie.
- March 25: SPCPs terminated, UDAP bulletin revoked by Pulte in series of directives.
- March 26: Mortgage industry leaders react to FHFA’s discontinuation of SPCPs.
- March 27: FHFA introduces changes to climate risk and radon inspection policies.
April
- April 1: Freddie Mac board member replaced as part of broader changes at FHFA.
- April 7: Pulte announces cancellation of $6.4 million in Diversity, Equity, and Inclusion (DEI) initiatives at Fannie and Freddie.
- April 16: FHFA establishes mortgage fraud tip line.
- April 21: Pulte states no further leadership changes are planned for the GSEs.
- April 30: Bill Pulte shares strategies to enhance productivity at Fannie Mae and Freddie Mac.
May
- May 6: Pulte refers North Korean and Chinese nationals working at GSEs to Department of Justice.
- May 9: DOJ to investigate Letitia James for mortgage fraud following Pulte’s referral.
- May 20: Pulte vows to improve efficiency at ‘obese’ Fannie and Freddie.
- May 22: President Trump considers releasing Fannie and Freddie.
- May 24: Bessent evaluates mortgage rate risk in potential release of GSEs.
- May 26: Pulte urges Federal Reserve Chair Powell to lower interest rates.
- May 27: Trump announces plans to make Fannie and Freddie ‘public’ with implicit guarantee.
- May 28: CHLA supports Pulte’s stance on FICO pricing.
- May 28: Fannie Mae partners with Palantir to prevent and detect mortgage fraud.
- May 30: Overview of how Bill Pulte has transformed FHFA and the GSEs.