Freddie Mac says no more work-from-home by May - report
Mar. 20, 2025 9:38 AM ET By: Max Gottlich, SA News Editor
The move comes as Freddie Mac & Fannie Mae are banking
on President Donald Trump's administration to dismantle the
federal conservatorship that's controlled both entities since
the 2008 foreclosure bust.
FMCC shares gained 0.4% in Thursday premarket trading.
Ending its remote work flexibility, Freddie Mac (OTCQB:FMCC) told staffers to return to the office five days a week starting in May, with a promise to review pay plans to reward key employees, Bloomberg reported on Thursday, citing a Wednesday memo from Federal Housing Finance Agency Director Bill Pulte and Freddie CEO Diana Reid.
As of Jan. 31, the mortgage giant employed more than 8,000 workers.
Employees have about 45 days to come back to the office, ensuring its critical function in the U.S. mortgage market remains uninterrupted, a person familiar with the matter told Bloomberg.
The move comes as Freddie Mac (OTCQB:FMCC) and Fannie Mae (OTCQB:FNMA) are banking on President Donald Trump's administration to dismantle the federal conservatorship that's controlled both entities since the 2008 foreclosure bust.
FMCC shares gained 0.4% in Thursday premarket trading.
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