The top executives at Freddie Mac, along with a top HR official at the Federal Housing Finance Agency (FHFA), were fired today, according to a report on SEMAFOR.
The publication reported that Freddie Mac’s CEO, COO and head of HR plus the FHFA’s COO and head of HR were all fired on Thursday.
No other details were reported, but if true it would mean the departure of Freddie CEO Diana Reid, who was appointed to the role in September. Freddie doesn’t specifically list a COO on its website. Dennis Hermonstyne Jr., is listed as the chief compliance officer, Anil Hinduja, the chief risk officer, and Jim Whitlinger is chief financial officer. Freddie’s head of HR is Dionne Wallace Oakley.
Rick Horsnby has been the COO of FHFA.
The reported firings come shortly after newly installed FHFA Director Bill Pulte placed dozens of employees at the GSEs on leave.
Earlier this week, he took to Fox News to complain that fewer than 40 of Fannie Mae’s 2,500-plus employees were showing up at the office every day. He is mandating a return to work at both GSEs.
Pulte recently flipped the board, ousting a dozen members and installing new ones. He also appointed himself the head of Fannie Mae’s board.
This is a breaking news story. Check back for updates.
