Story perspectives

Fannie Mae Fires 62 Amid Mortgage Fraud Allegations

11/12/2025

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Summary

Story summary

Fannie Mae laid off 62 employees, including ethics investigators, due to allegations of improper access to mortgage records involving New York Attorney General Letitia James and other Democrats.
The firings followed complaints about senior officials allegedly directing staff to access sensitive documents.
William Pulte, head of the Federal Housing Finance Agency (FHFA), accused James and others of mortgage fraud, which they deny.
The investigation escalated to the FHFA inspector general and the U.S. attorney's office, now led by Trump appointee Lindsey Halligan.
Concerns have emerged regarding the potential political motivations behind these actions.

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Story summary

Fannie Mae laid off 62 employees, including ethics investigators, due to allegations of improper access to mortgage records involving New York Attorney General Letitia James and other Democrats.
The firings followed complaints about senior officials allegedly directing staff to access sensitive documents.
William Pulte, head of the Federal Housing Finance Agency (FHFA), accused James and others of mortgage fraud, which they deny.
The investigation escalated to the FHFA inspector general and the U.S. attorney's office, now led by Trump appointee Lindsey Halligan.
Concerns have emerged regarding the potential political motivations behind these actions.