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Federal Housing Finance Agency (FHFA) Director Bill Pulte announced on Tuesday that homebuilder executive Brandon Hamara, vice president at Tri Pointe Homes, will join Fannie Mae as a board member.
“I am pleased to announce that Freddie Mac board member, Brandon Hamara, who is an expert in homebuilding, and a leader at Tri Pointe Homes, will be joining Fannie Mae full-time, and as a board member, to further effectuate homebuilding in our great country,” Pulte wrote in a post on X.
Following the move, Hamara resigned from Freddie Mac’s board of directors, effective Monday, according to a Securities and Exchange Commission (SEC) filing.
Under the Trump administration, the boards of the government-sponsored enterprises (GSEs) have undergone several leadership changes. In his first week as FHFA director, Pulte made immediate waves by removing 14 board members across Fannie Mae and Freddie Mac, adding new ones, and appointing himself chair of both boards. Hamara was among the new members added to Freddie Mac.
A Fannie Mae board member with ties to Elon Musk’s business ventures and the U.S. DOGE Service—appointed as a replacement—left the board only a day later.
Hamara’s appointment signals a push to bolster the homebuilding sector amid persistent housing shortages. Housing inventory reached a historic low in 2022 but has risen this year, giving buyers more options. HousingWire’s latest Housing Market Tracker, which uses weekly data, shows that national inventory for existing homes rose to 863,972 homes last week.
“In my view, it will take somebody with deep understanding of homebuilding in order to get homebuilding going again. As the President said we need to get building again, and Brandon will help us do just!,” Pulte added on X.
In a statement, a Tri Pointe spokesperson said, “We are excited for Brandon as he commences a new full-time role at Fannie Mae. We wish him well in his future endeavors.”
President Trump has called on the GSEs to spur new home construction. In a post on Truth Social on Sunday, he described homebuilders as “friends” and “very important to the success of our country.”
“But now, they can get Financing, and they have to start building Homes. They’re sitting on 2 Million empty lots, A RECORD. I’m asking Fannie Mae and Freddie Mac to get Big Homebuilders going and, by so doing, help restore the American Dream!”
