Fannie Mae Initiates Workforce Restructuring Amid Leadership Overhaul

Fannie Mae has undertaken another significant workforce reduction, dismissing 62 employees across multiple departments. The mortgage finance firm announced these terminations on Thursday, affecting crucial operational areas including information technology, diversity initiatives, and general business functions. Bill Pulte, director of the Federal Housing Finance Agency (FHFA), confirmed the organizational changes, describing them as essential streamlining measures.

The restructuring has particularly impacted the company’s ethics and internal investigations unit, with approximately a dozen staff members from this department being released. This development follows the recent departures of both the Chief Ethics Officer and General Counsel within recent weeks.

FHFA Director Pulte has characterized these cuts as standard organizational practice, aimed Read more...