Trump administration dismisses dozen senior staff at Fannie Mae

The Trump administration cut roughly a dozen senior ethics and internal investigations officials from Fannie Mae on October 30, marking the latest in a string of personnel upheavals at the government-sponsored mortgage giant this year. The terminations were carried out during a virtual meeting and came shortly after the departure of Fannie Mae’s chief ethics officer. Federal Housing Finance Agency Director Bill Pulte, who also chairs Fannie Mae’s board, oversaw the moves. What happened and why it matters The dismissed officials worked in ethics enforcement and internal investigations, the teams responsible for making sure the company handling trillions of dollars in mortgage-backed securities plays by the rules. The firings were part of a broader reduction that affected approximately 62 employees across multiple departments, including diversity, equity, and inclusion roles, IT, and operations functions reporting to the chief operating officer. The investigation angle The timing of these dismissals is particularly notable because they arrived amid active investigations into whether senior FHFA officials improperly accessed confidential mortgage records belonging to high-profile Demo...