Fannie Mae

Fannie Mae’s Planned Office Move: Cost Concerns or “Woke” Politics?

Fannie Mae reportedly plans to move San Francisco office from ‘woke California’ to the South, and right off the bat, a few things come to mind. It’s easy to wonder if this is the same Fannie Mae that played a role in the housing crisis of the 2000s, raising questions about financial responsibility. This particular move, which involves a relatively small office in San Francisco, seems to be less about a complete relocation and more about making employees remote workers. The article that accompanies the story highlights an image of their Virginia headquarters, emphasizing that the physical presence in San Francisco is quite small.… Continue reading

Fannie Mae Officials Ousted After Data Sharing Allegations

An AP investigation has revealed that Bill Pulte, a confidant of the Trump administration’s top housing regulator, provided confidential Fannie Mae mortgage pricing data to a competitor, sparking concern among senior officials. Fannie Mae executives raised alarms over the disclosure of sensitive, competitive information by Lauren Smith, acting on Pulte’s behalf. Following this incident, key senior Fannie Mae officials who raised concerns were removed from their positions, raising questions about Pulte’s use of his position. The investigation also reveals Pulte’s efforts to align himself with Trump by using social media and potentially leveraging his role for political aims.

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