The newly appointed head of the Federal Housing Finance Agency (FHFA) is rapidly reorganizing the agency, its name conventions, and government-controlled mortgage finance giants Fannie Mae and Freddie Mac. On Wednesday, 35 unionized employees in consumer protection, equal opportunity, and research units were placed on administrative leave without prior notice.
The National Treasury Employees Union sent an email to affected members stating the sudden changes. In a statement, FHFA officials claimed they are only “streamlining” operations while adhering to all mandated laws. However, this move has raised concerns among employees and industry observers regarding the potential impact on regulatory oversight and market stability.
Source: https://www.nytimes.com/2025/03/20/business/fannie-mae-freddie-mac-workers-leave.html