Mortgage Giant Fannie Mae Bends The Knee In Fear Of Being DOGE’d

Mortgage Giant Fannie Mae Bends The Knee In Fear Of Being DOGE’d

Fannie Mae returning to in-person work Monday in an attempt to avoid staff cuts following layoffs at its sister company, Freddie Mac.

Mortgage Giant Fannie Mae Bends the Knee in Fear of Being DOGE’d

(DCNF)—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…

Fannie Mae's title waiver pilot program one year later

In March 2024, Fannie Mae launched a title waiver pilot program that allowed approved lenders to use an automated title review process to assess title risk during loan manufacturing and prior to loan purchase. The pilot is limited to certain refinance loans with loan-to-value ratios less than 80% in certain geographic areas. But one year later, the two lenders that have participated in the project consider it a success — for their businesses and…