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Rapid Changes Continue at GSEs Under New FHFA Leadership

The latest is that Freddie Mac has a new interim CEO.

By Erika Morphy | March 21, 2025 at 05:02 AM

Changes at Freddie Mac and Fannie Mae continue to unfold at a rapid pace, with the latest development being the appointment of Michael T. Hutchins as the interim CEO of Freddie Mac. That follows the departure of Diana Reid, who was terminated from her role as CEO by Bill Pulte, the newly confirmed director of the FHFA, a source has told Bloomberg.

Hutchins, who has been Freddie Mac’s president since 2020, brings extensive experience in the financial services industry, having previously served in senior roles at UBS and Salomon Brothers. His interim leadership role is not new, as he has stepped in to guide the company during transitional periods.

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