US EditionSpaceX cybersecurity engineer tapped for Fannie Mae board amid shakeup
- Fannie Mae has appointed Christopher Stanley, a cybersecurity engineer at SpaceX and social media platform X, to its board of directors, as noted in a regulatory filing on Monday.
- This board change includes the new Federal Housing Finance Agency director Bill Pulte and general counsel Clinton Jones, reflecting a significant leadership shift at Fannie Mae.
- Stanley's role allows him to influence Fannie Mae’s operations, and he will receive $160,000 annually for his position, according to an SEC filing.
- Pulte has indicated plans to review the budgets of Fannie and Freddie, highlighting the agencies' substantial annual earnings of over $30 billion.
14 Articles
14 Articles
Fannie Mae and Freddie Mac Are Shaken Up by Their Regulator
A federal housing regulator initiated a major shake-up Monday at two giant government-controlled mortgage finance firms that drive much of the U.S. housing market. The Federal Housing Finance Agency, led by its director, William Pulte, ousted 14 members of the boards of Fannie Mae and Freddie Mac in a surprising move that was disclosed in regulatory filings late Monday. The F.H.F.A. is the primary regulator for Fannie and Freddie, which have bee…
SpaceX engineer abruptly resigns from Fannie Mae board
By Jason Leopold, Lydia Beyoud and Jake Bleiberg | Bloomberg Christopher Stanley, the cybersecurity engineer who has worked for two of Elon Musk’s companies and the billionaire’s effort to reshape the federal government, resigned from the Fannie Mae board of directors a day after he was appointed to the post, according to a regulatory filing. Stanley, who has ties to Musk’s SpaceX, social media platform X and the Department of Government Effici…
A growing Fannie Mae 'blacklist' is paralyzing home sales
A growing problem is preventing condominium owners from selling their properties. Many condos are being added to a “blacklist” by Fannie Mae due to the properties not having enough insurance or needing major repairs. If a condo is on this list, it’s significantly harder for prospective buyers to get a mortgage, making it nearly impossible to sell. Recent coverage from the Wall Street Journal detailed several sellers’ experiences when attempting …
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