"Today Fannie Mae executed a standard business layoff of over 62 people, across the COO, Information Technology, DEI, and other divisions, Pulte said. We, like any business, must eliminate positions that are not core, or otherwise, to mortgages and new home sales. We have 7,000+ employees! According to Pulte, the layoffs were prompted after a manager was unable to explain what his employees did during the day. Fannie Mae must be, and will be, free of waste, abuse and DEI!!!, Pulte posted."
"The Trump administration has reportedly dismissed officials in Fannie's ethics and internal investigations unit, The Wall Street Journal reported Thursday, citing people familiar with the matter. Suzanne Libby, the chief ethics officer, was fired last week, while Danielle McCoy, who served as general counsel, stepped down after reportedly being pressured by leadership, the sources said. In recent months, the government-sponsored enterprises (GSEs) have undergone layoffs, board changes and team restructurings."
"The latest cuts come as the FHFA seeks feedback on its proposed strategic plan for 20262030, which introduces new priorities such as deregulation while scaling back previous focuses on diversity, equity and inclusion (DEI). The agency has also imposed leadership changes, with CEO Priscilla Almodovar replaced by Chief Operating Officer Peter Akwaboah as acting CEO while the company searches for a permanent leader. In addition, Brandon Hamara and John Roscoe were appointed co-presidents."
Fannie Mae executed a layoff affecting over 62 employees across COO, Information Technology, DEI, and other divisions, citing elimination of non-core positions. Ethics and internal investigations officials were dismissed, with the chief ethics officer fired and the general counsel stepping down amid leadership pressure. Previous workforce actions included roughly 700 layoffs and the dismissal of an entire ESG team. The FHFA is seeking feedback on a 2026–2030 strategic plan that shifts toward deregulation and reduces emphasis on DEI. Multiple leadership changes were implemented, including an acting CEO, co-presidents, and new single-family and general counsel leads, with a senior adviser returning.
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