In a sweeping move aimed at restoring integrity in the U.S. housing system, President Donald Trump’s administration has fired over 100 employees at Fannie Mae for engaging in unethical conduct and facilitating mortgage fraud, according to a statement from the Federal Housing Finance Agency (FHFA).
Trump Fires Fannie Mae Staff to Clean House at Government-Controlled Mortgage Giant
William J. Pulte, Chairman of Fannie Mae and Director of the FHFA, confirmed the firings in a press release Tuesday. “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,” said Pulte.
He continued, “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. Anyone who commits fraud against Fannie Mae does so against the American people.”
What the Fannie Mae Firings Mean for the Housing Market
Fannie Mae plays a critical role in supporting the U.S. mortgage industry by purchasing home loans from lenders and packaging them into securities. The mass firings could signal a broader reform strategy aimed at increasing transparency and discipline in federally backed financial institutions.
Industry experts suggest that this aggressive purge may lead to tighter controls, increased scrutiny, and possibly a cultural shift within government-sponsored enterprises like Fannie Mae and Freddie Mac.
FHFA Chief Pulte and Trump Administration Pledge Accountability
Fannie Mae President and CEO Priscilla Almodovar echoed Pulte’s sentiment, stating, “We hold our employees to the highest standards, and we will continue to do so. I would like to thank Director Pulte for empowering Fannie Mae to root out unethical conduct, including anyone facilitating fraud.”
While the agency has not disclosed detailed information about the fraudulent activities or departments involved, the firings reflect the Trump administration’s broader agenda to reform federal agencies, crack down on white-collar misconduct, and protect taxpayer-backed entities.
Trump’s Economic Agenda Turns to Housing Sector Oversight
President Trump’s second term has focused heavily on reindustrializing America and rooting out inefficiencies in federal institutions. The decision to fire Fannie Mae staff for unethical conduct signals that housing finance is next in line for reform.
Since taking office in January 2025, Trump has prioritized restoring trust in public institutions, and housing finance is now a central front in that mission.
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