Fannie Mae Dismisses 10 Senior Executives Amid Further Turnover
Fannie Mae dismissed 10 senior executives based in its Washington, D.C., headquarters, reportedly letting them go within a three-hour window on Wednesday. The layoffs were attributed to work increasingly handled by artificial intelligence, with further reductions possible. The cuts build on 2025 headcount reductions of about 1,200 employees (around 15%) alongside recent leadership and board shakeups, after updated forecasts warned of worsening mortgage conditions into 2026-2027.