Fannie Mae fires more than 100 employees, referring to unethical behavior
Bill Pulte, the director of the FHFA, who is also chairman of the GSEs boards, posted an official announcement with regard to the fire on social media platform X. on Tuesday afternoon.
“At President Trump’s housing market there is no room for fraud, mortgage fraud or another deceptive act that can endanger the safety and solidity of housing,” Pulte said. “Since my sworn we have fired more than 100 employees from Fannie Mae that we have caught on unethic behavior, including facilitating fraud, against our large company. Everyone who commits fraud against Fannie Mae does this against the American people.”
His statement seems to at least partially confirm reports that employees of the GSE used a corresponding trade fair program.
Per time of India, the affected employees reportedly collaborated with non -profit organizations such as Telugu Association of North America (Tana) to mislead companies.
Various Indian points of sale reported that Fannie Mae fired no fewer than 700 American employees. Techtory” Hrkatha and the Times of India claim that the employees were fired within the first few days of April and the 700, 200, are employees who speak the Telugu language, who are mainly spoken in the Indian states of Andhra Pradesh and Telangana.
Housing Representing representatives from both the FHFA and Fannie Mae, but received no response.
Pulte has made a series of major changes in the GSEs since the Senate has been confirmed since last month. In mid -March, Pulte removed various members of the boards of directors at both Fannie Mae and Freddie Mac and installed himself as chairman of the board of both companies. He also dismissed various managers at the FHFA and agencies, including Freddie Mac chairman Diana Reid.
Priscilla Almodovar, an appointed under Joe Biden, has remained, head of Fannie Mae.
“I want to thank Director Pulte for his empowerment of Fannie Mae to eradicate unethical behavior, including anyone who facilitates fraud. We are sticking our employees to the highest standards, and we will continue to do this,” said Almodovar.
