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Fannie Mae fires more than 100 employees for unethical conduct, including the facilitation of fraud
Fannie Mae said Tuesday it fired more than 100 employees for unethical conduct. “Since my swearing-in, we fired over 100 employees from Fannie Mae who we caught engaging in unethical conduct, including facilitating fraud, against our great company,” William J. Pulte, chair of Fannie Mae's board of directors, said in a statement. “Anyone who commits...
Fannie Mae said Tuesday it fired more than 100 employees for unethical conduct.
“Since my swearing-in, we fired over 100 employees from Fannie Mae who we caught engaging in unethical conduct, including facilitating fraud, against our great company,” William J. Pulte, chair of Fannie Mae's board of directors, said in a statement.
“Anyone who commits fraud against Fannie Mae does so against the American people,” he added.
In his Tuesday statement, the Pulte said under the Trump administration there would be no room for fraud, mortgage fraud or “any other deceitful act that can jeopardize the safety and soundness of the housing industry.”
Pulte was sworn in on March 14 after being appointed by President Trump.
Fannie Mae CEO Priscilla Almodovar praised the move.
“I would like to thank Director Pulte for his empowering of Fannie Mae to root out unethical conduct, including anyone facilitating fraud,” Almodovar said.
“We hold our employees to the highest standards, and we will continue to do so.”
Further details on the firings were not revealed. However, Pulte did note that the agency reduced 25 percent of staff as ordered by the Department of Government Efficiency (DOGE).
"We exceeded DOGE's expectations at U.S. Federal Housing (FHFA), with an over 25 percent reduction in the Agency’s active workforce," he wrote in a Tuesday afternoon post on the social platform X.
"We're consolidating divisions to focus on building more homes and strengthening safety and soundness."
