More than 100 employees have been fired for unethical conduct at government-sponsored enterprise Fannie Mae over the past few weeks, some of them accused of committing fraud or facilitating fraud, the Federal Housing Finance Agency (FHFA) reports.
“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,” says William J. Pulte, chairman of the board of directors of Fannie Mae, in a release. “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.”
“I would like to thank Director Pulte for his empowering of Fannie Mae to root out unethical conduct, including anyone facilitating fraud. We hold our employees to the highest standards, and we will continue to do so,” adds Priscilla Almodovar, president and CEO of Fannie Mae.
It’s unclear what types of unethical acts or fraud were committed – or whether criminal charges will be forthcoming. However, in a recent Fox News report, Pulte says the “investigation is ongoing” and “we’re just getting into it.” He said several of the employees were working two jobs while working remotely, and some were “working in China.”
Photo: Brian Wangenheim
