Fannie Mae announces department restructuring amid streamlining |
| Fannie Mae has announced the elimination of over 62 positions across various departments, including IT and Diversity, Equity, and Inclusion, as part of a strategy to streamline operations. William Pulte, Director of the Federal Housing Finance Agency, said: “We, like any business, must eliminate positions that are not core,” as he emphasized the need for efficiency amid ongoing evaluations regarding a public offering of Fannie Mae and Freddie Mac. The restructuring follows a difficult period for the mortgage giant, which has been under conservatorship since the market collapse in 2008. |
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