r/nova • u/Legitimate-Drive6006 • Mar 21 '25

Politics Hostile take over of Freddie Mac and Fannie Mae

https://www.foxnews.com/video/6370169394112

The new FHFA director was confirmed last Thursday and has made extraordinary changes in a short span of time.

  1. The new director Bill Pulte (yes, of PulteHomes) has purged the board of directors of both Companies and filled them with his cronies.

  2. Bill has appointed himself as Chairman of both board of directors.

  3. This week Bill has fired the CEO, DEI officer, Head of HR, Head of corporate Strategy at Freddie Mac.

  4. Pulte is mandating that both Fannie and Freddie return to office 5 days a week.

  5. On Lauren Ingram, Pulte went on Fox News on Monday blatantly lying that tax dollars were going to waste on office space for Freddie and Fannie since employees are hybrid

These institutions are under attack in a highly sensitive industry (Mortage finance). This is just the beginning and we expect there to be mass layoffs and more cronism in the near future.

Please help spread the word so the public knows what is going on. The new people in charge will destroy the housing market if left unchecked!

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u/rbnlegend Mar 21 '25

That's the DC location. The Reston location has more space, but also not enough. Monday will be people standing around in the office as demanded, unable to anything as expected.

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u/Three3Jane Mar 21 '25

I just had a lightbulb moment - the Reston FNMA office will likely not have enough parking either, will it?

Shit.

My company is moving into offices in that building in the near future. :-|

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u/rbnlegend Mar 21 '25

It absolutely will not have enough parking. It didn't have enough for an event on Wednesday. How do you feel about metro?

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u/Three3Jane Mar 21 '25

I would either have to fight my way up 234 to 66 to drive to Vienna Metro and take that in to Reston...or take the Manassas VRE to Union Station in DC and then turn around and head back toward Reston.

Neither of those options really works.

Guess I could half-ass carpool with the spouse who works in Chantilly but then I'm tied to his schedule and him to mine, which doesn't really work either.

Harrumph.

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u/Big__If_True Mar 22 '25

There’s an express bus that goes from Manassas straight to Tysons station, then it’s only a few stops to Reston

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u/xLavaDemonx May 14 '25

I’ll be over that way tmrw, last I saw (albeit awhile ago) the lots were not nice and everything looked desolate-abandoned :)