Fannie Mae dismisses senior ethics and investigation officials

The Trump administration has overseen the dismissal of approximately 12 senior officials at Fannie Mae, specifically targeting roles in ethics enforcement and internal investigations. These involuntary departures, which occurred during a virtual meeting, follow the recent exit of the company’s chief ethics officer.

Federal Housing Finance Agency (FHFA) Director and Fannie Mae board chair Bill Pulte oversaw the moves. The dismissals are part of a broader restructuring effort that has affected hundreds of employees across various departments, including information technology, operations, and diversity, equity, and inclusion functions. Pulte noted on social media that improving technology provides opportunities to remove unnecessary processes and personnel.

The timing of these cuts coincides with active investigations into whether FHFA officials improperly accessed confidential mortgage records belonging to high-profile political figures. Despite the personnel upheavals, Fannie Mae reported $4 billion in net income for the second quarter of 2026.