EQUITY: DOGE USES AI TO FIRE OVER 100 FANNIE MAE EMPLOYEES

Fannie Mae Terminates Over 100 Employees Amid Unspecified Allegations

April 9, 2025 — Washington, D.C.

In a surprising move, Fannie Mae, the government-sponsored mortgage giant, has fired more than 100 workers, but the organization remains tight-lipped about the reasons behind the mass termination. The dismissals, announced on Tuesday, April 8, have sparked speculation and raised questions about internal operations at one of the nation’s key players in the housing finance sector.

According to a joint statement from Fannie Mae and the U.S. Federal Housing Finance Agency (FHFA), the firings were due to “unethical conduct, including the facilitation of fraud.” William J. Pulte, Chairman of Fannie Mae’s Board of Directors and FHFA Director, emphasized a zero-tolerance stance, stating, “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.” Pulte, who assumed his role in March, added that the terminations occurred “since my swearing-in,” signaling a swift crackdown under his leadership.

Despite the bold declaration, neither Fannie Mae nor the FHFA has provided specific details about the nature of the alleged misconduct. When pressed for clarification, Fannie Mae declined to comment further, referring inquiries to the FHFA, which has yet to elaborate beyond the initial statement. This opacity has fueled speculation, with some industry observers pointing to broader upheaval within the agency since Pulte’s arrival.

The timing aligns with reports from various sources, including The Times of India and TechStory, which claimed earlier this week that Fannie Mae laid off as many as 700 employees, with 200 tied to ethical violations involving the company’s Matching Grants Program. This program, designed to match employee charitable donations, has allegedly been exploited, with some workers reportedly colluding with nonprofit organizations to siphon funds. While these reports remain unconfirmed by official channels, they suggest a deeper scandal may be at play.

Fannie Mae CEO Priscilla Almodovar praised the purge, thanking Pulte for “empowering Fannie Mae to root out unethical conduct.” She reiterated the company’s commitment to high standards but offered no insight into the specifics of the terminations. Meanwhile, Pulte’s aggressive restructuring efforts— including ousting board members and placing staff on leave—hint at a broader agenda to reshape the agency amid the Trump administration’s push to overhaul housing policy.

Social media posts on X reflect a mix of skepticism and curiosity, with some users questioning the lack of transparency and others viewing the firings as a necessary purge of corruption. The absence of concrete details, however, leaves the public and industry stakeholders in the dark, wondering whether this is a targeted cleanup or a symptom of larger turmoil within Fannie Mae.

As of today, April 9, no additional statements have been released, and the full scope of the terminations remains unclear. With federal scrutiny reportedly intensifying and Pulte signaling more changes to come, the housing finance world is bracing for what might unfold next at Fannie Mae. For now, the silence speaks louder than the announcement itself. 17GEN4.com

17GEN4.com

The Department of Government Efficiency (DOGE), a federal cost-cutting initiative led by Elon Musk and Vivek Ramaswamy (according to Grok as of 4/9/2025), appears to have played a significant role in the recent terminations at Fannie Mae, though its exact involvement remains somewhat unclear due to limited official statements. On April 8, 2025, Fannie Mae fired over 100 employees for "unethical conduct, including the facilitation of fraud," as announced in a joint statement with the U.S. Federal Housing Finance Agency (FHFA). FHFA Director William J. Pulte, who also chairs Fannie Mae’s board, tied the action to broader efficiency efforts, noting in a post on X that the FHFA had "exceeded DOGE’s expectations" by reducing its active workforce by over 25% and consolidating divisions to focus on housing priorities.

While the firings were framed as a response to ethical violations—potentially linked to irregularities in Fannie Mae’s Matching Grants Program, as reported by outlets like The Times of India—Pulte’s reference to DOGE suggests the initiative may have influenced the scale or timing of the cuts. DOGE’s mission to slash government spending and streamline operations has reportedly pressured agencies across the federal bureaucracy, including those overseeing housing finance like the FHFA. Pulte, confirmed as FHFA director in March 2025, has aligned himself with this agenda, previously hinting at scrutinizing "underperforming" entities like Fannie Mae and pushing for workforce reductions.

However, no direct evidence confirms DOGE explicitly ordered the terminations. Instead, it seems to have set a broader mandate for efficiency that Pulte leveraged to justify or amplify the purge. The lack of detailed disclosure from Fannie Mae or the FHFA leaves open questions about whether DOGE’s influence was strategic—encouraging a crackdown on inefficiencies—or merely symbolic, providing a convenient backdrop for Pulte’s actions. Either way, the mention of exceeding DOGE’s expectations underscores its looming presence in the narrative surrounding these events.