Fannie Mae has terminated over 100 employees due to unethical conduct, including involvement in fraudulent activities. The U.S. Federal Housing Finance Agency, which oversees Fannie Mae, confirmed the dismissals, emphasizing a zero-tolerance policy towards fraud. Pulte, a notable figure in the housing sector, reiterated the importance of maintaining integrity among lenders and announced plans to identify and suspend bad actors in the industry. This action reflects a broader commitment to ensuring ethical practices within the housing finance sector.
#Housing $FNMA 100 fired for unethical conduct https://t.co/riwge2PUxo
I strongly encourage lenders to make sure they have their “house in order” as we are going to make it a focus to put bad actors on our Suspended Counterparty Program at U.S. Federal Housing FHFA. There is no room for fraud. We will make housing affordable again!
https://t.co/ua4B5RAjdl? @pulte @trdny | Must read @FannieMae