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Fannie Mae executives were fired after warning about illegal data sharing with Freddie Mac, prompted by FHFA head Bill Pulte, sparking political backlash.
Top Fannie Mae officials were dismissed after raising concerns about the unauthorized sharing of confidential mortgage pricing data with Freddie Mac, reportedly at the direction of Bill Pulte, the Federal Housing Finance Agency’s director.
Internal emails show executives, including the CEO and top attorney, warned the disclosure could lead to collusion claims and undermine market integrity.
Despite the warnings, the individuals who raised alarms—including ethics investigators—were fired, while Lauren Smith, who facilitated the data transfer, remained in her role.
The firings have drawn criticism from Democrats, including Sen. Elizabeth Warren, who accused Pulte of using his regulatory power for political purposes.
Pulte, a close ally of President Trump and heir to a major homebuilding fortune, has also initiated investigations targeting prominent Democrats and pressured homebuilders to increase construction.
The FHFA and Fannie Mae stated they comply with all laws, but did not address specific allegations.
Los ejecutivos de Fannie Mae fueron despedidos después de advertir sobre el intercambio ilegal de datos con Freddie Mac, impulsado por el jefe de la FHFA, Bill Pulte, provocando una reacción política.