GSE boardroom changes; Pulte’s plans; GSE capital market moves.

FHFA Director Pulte said fired Fannie employees were abusing their remote work status and, in some instances, fraudulently misusing the company’s matching gift program.

The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.

An OIG report noted that FHFA has been following appropriate procedures when it reviews GSE proposals for employee retention awards.

Aaron Kofsky has joined FHFA’s Division of Housing Mission and Goals.

Three Democrats joined Senate Republicans in a vote to make Bill Pulte, the grandson of the founder of homebuilding giant PulteGroup, the chief regulator of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

The regulator of Fannie Mae and Freddie Mac will no longer enforce diversity, equity and inclusion policies, according to the FHFA website.

Although little is known about Pulte’s policy positions, his housing and philanthropic background have helped him win the support of most industry trade groups and many consumer advocacy organizations.

The Trump administration’s decision to hire the libertarian housing official is a net positive for GSE reform, according to an analyst.

Trump’s nominee for FHFA director has drawn strong support from some quarters, but also some reservations.