Grace Huebscher resigned from Freddie Mac's board, with Michael Parrott appointed in her place as Conservator, and Ralph Cody Kittle joining the Audit Committee. These changes come amid restructuring efforts led by newly appointed FHFA Director Bill Pulte, who has trimmed FHFA’s staff by 10% through the closure of departments, resulting in firings of key figures like Freddie Mac's CEO and COO. The adjustments signify a governance shift aiming to enhance operational efficiency within Freddie Mac and align with regulatory expectations.
The recent changes in the leadership structure at Freddie Mac, including Grace Huebscher's resignation and organizational cuts, reflect a shift in governance under the new FHFA Director.
After a significant reduction in the FHFA workforce and the appointment of new leaders, Freddie Mac is poised to adapt to evolving regulatory requirements and internal directives.
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