FHFA Director Calls Freddie Mac Workers Back to Office Full-Time

Freddie Mac told employees that they will be expected to work from the office five days a week beginning in May and promised to review compensation plans in an effort to reward key people.

The return-to-office plan was delivered to employees in a memo from Federal Housing Finance Agency Director Bill Pulte and Freddie Chief Executive Officer Diana Reid dated Wednesday and seen by Bloomberg News.

Freddie is giving employees roughly 45 days to come back to the office to avoid disrupting the entity’s role in the US mortgage market, according to a person familiar with the matter, who asked ...