Overview
- FHFA Director Bill Pulte said 62 roles were eliminated across the COO office, information technology and DEI as positions not tied to mortgages or new-home sales, citing a manager’s inability to explain some employees’ work.
- Fannie Mae did not respond to requests for comment on the reductions, and Freddie Mac did not immediately answer questions about whether it is taking similar steps.
- Recent leadership changes include COO Peter Akwaboah becoming acting CEO, John Roscoe and Brandon Hamara named co-presidents, and former president David Benson returning as a senior adviser, with Jake Williamson and Tom Klein newly leading single-family and the general counsel’s office.
- The layoffs track with an FHFA strategic planning push for 2026–2030 that emphasizes deregulation and pares back prior DEI priorities.
- The Wall Street Journal reported roughly a dozen ethics staffers were dismissed and that the chief ethics officer and general counsel departed, a development not confirmed by Fannie at publication time.