Fannie Mae has recently dismissed over 100 employees amid allegations of unethical conduct, marking a significant shake-up within the government-sponsored enterprise. The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, announced the firings on Tuesday. Bill Pulte, the FHFA director and newly appointed chair of Fannie Mae’s board of directors, revealed that these staffing changes occurred under his leadership, which began less than a month ago.
In a statement addressing the layoffs, Pulte emphasized the importance of integrity in the housing sector. “In President Trump’s housing market, there is no room for fraud, mortgage fraud, or any other deceitful act that can jeopardize the safety and soundness of the housing industry,” he declared.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
