The Federal Housing Finance Agency and Fannie Mae issued a joint statement saying Fannie Mae has fired more than 100 employees for unethical conduct, including facilitating fraud. Fannie Mae Board Chairman William J. Pulte said the dismissals occurred since his swearing-in and framed the action as part of a zero-tolerance approach to fraud that could jeopardize the safety and soundness of the housing industry. Fannie Mae President and Chief Executive Officer Priscilla Almodovar credited Pulte with empowering the organization to root out unethical conduct and said the company will continue to hold employees to high standards.
Federal Housing Finance Agency 2025-04-08
Federal Housing Finance Agency and Fannie Mae announce firing of over 100 employees for unethical conduct including facilitating fraud
The Federal Housing Finance Agency and Fannie Mae announced the dismissal of over 100 employees for unethical conduct, including fraud facilitation. Fannie Mae Board Chairman William J. Pulte emphasized a zero-tolerance policy towards fraud, while CEO Priscilla Almodovar highlighted ongoing efforts to uphold high ethical standards.