19 Hrs
New York Post
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New York Post

2026-11-03T23:01:17.000Z

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Fannie Mae Director Quits

Fannie Mae Director Quits

Omeed Malik, a close Trump ally and business partner of Donald Trump Jr., resigned from Fannie Mae’s board effective Oct. 30, the mortgage company said in a Tuesday filing with the Securities and Exchange Commission. Malik, president of 1789 Capital, joined the board in April 2025. During his tenure, Fannie Mae expanded its balance sheet at President Trump’s direction, including by buying mortgage-backed securities in an effort to lower mortgage rates.

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