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Fannie Mae cuts about 10 senior leaders as roles are eliminated
The departures reportedly include involuntary exits, and the cuts come after Fannie Mae posted $4 billion in Q2 2026 net income.
Fannie Mae has eliminated about 10 senior executive roles across several business lines, including capital markets, regulatory affairs, and multifamily, according to industry and media reports cited by HousingWire.
HousingWire said the Wall Street Journal reported that some officials were notified Wednesday that their positions had been eliminated, while Bloomberg reported the total number of positions eliminated was 12 and that all departures were involuntary. A Fannie Mae spokesperson did not immediately respond to HousingWire’s request for comment.
The changes mark another round of executive turnover under Federal Housing Finance Agency Director and Fannie Mae board chairman Bill Pulte, who is returning his focus to housing policy after serving months as interim director of national intelligence. HousingWire also said it obtained a list Friday morning showing roughly 10 senior leaders, with titles including vice president and heads of specific functions, some with more than a decade of tenure.
The leadership restructuring comes as Fannie Mae reported $4 billion in net income in the second quarter of 2026, up 7% from the prior quarter and 20% from a year earlier, with higher revenue offsetting a larger provision for credit losses. The company’s provision for credit losses rose to $485 million from $277 million, and HousingWire reported CFO Chryssa C. Halley said ongoing multifamily market challenges are expected to lead to additional delinquencies.