Mortgage company Fannie Mae is bringing workers back to their Washington, D.C., Reston, Va. and Plano, Texas offices Monday in an attempt to avoid Federal Housing Finance Agency (FHFA) director Bill Pulte’s executive cuts following layoffs at its sister company, Freddie Mac.
Pulte, nominated by President Donald Trump to lead the FHFA and confirmed by the Senate on March 13, wasted no time laying off executives at the mortgage associations the FHFA oversees. Pulte fired Freddie Mac’s head of human resources Dionne Wallace Oakley, Executive Vice President of Corporate Strategy and External Affairs Craig Phillips and the chief operating officer on Thursday while also replacing CEO Diana Reid with interim CEO Mike Hutchins, according to a Semafor report.
WASHINGTON, DC – FEBRUARY 27: William Pulte, nominee for Director of the Federal Housing Finance Agency testifies at a hearing…
