At least 10 senior executives are leaving Fannie Mae, The Wall Street Journal reported on Friday, citing people familiar with the matter, raising concerns about stability at the government-backed mortgage company.
Several officials were reportedly informed on Wednesday that their positions had been eliminated, meaning at least some of the departures were not voluntary. Fannie Mae and the Federal Housing Finance Agency did not immediately comment.
The departures come as FHFA Director Bill Pulte continues to reshape leadership at Fannie Mae and Freddie Mac.
https://breakingthenews.net/Article/Fannie-Mae-sees-wave-of-senior-executive-exits/66966622
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