Fannie Mae Reshuffles Board, Appoints Christopher Stanley Among New Leaders

Fannie Mae has appointed Christopher Stanley, a cybersecurity engineer connected to Elon Musk, to its board of directors amid a significant leadership shakeup following Bill Pulte's confirmation as the new director of the Federal Housing Finance Agency (FHFA). Pulte has removed 14 board members from Fannie Mae and Freddie Mac, asserting control as chairman and signaling a shift in governance. The changes have raised concerns regarding the influence of Musk's allies in federal agencies. Alongside Stanley, Pulte has appointed other new members to both boards, which may alter their strategic directions while under conservatorship. The reshuffle reflects broader trends in the housing finance sector, with implications for how these entities operate within the U.S. mortgage market.