Fannie Mae reportedly cuts senior executives across business lines

Fannie Mae cut a group of seasoned professionals across several business lines this week, according to a list circulating in the industry Friday and media reports. This marks the latest round of executive-level turnover under Federal Housing Finance Agency (FHFA) Director and Fannie Mae board chairman Bill Pulte. The Wall Street Journal first reported on the departures, citing people familiar with the matter. Several officials were notified Wednesday that their positions had been eliminated, the Journal reported. Bloomberg reported that the total of positions eliminated were 12, and that the departures were all involuntary. A Fannie Mae spokesperson did not immediately respond to a HousingWire request for comment. HousingWire obtained a list Friday morning that includes roughly 10 senior leaders in capital markets, regulatory affairs, multifamily and other areas of the company. The individuals hold titles that include vice president and head of specific business functions, and several had more than a decade of tenure at Fannie Mae. The moves come as Pulte returns his focus to housing policy after serving several months as interim director of national intelligence (DNI). Since takin...