On April 8, the Federal Housing Finance Agency and Fannie Mae fired 100 employees for unethical conduct, including the facilitation of fraud.

FHFA and Fannie Mae issued the following statement:

“In President Trump’s housing market, there is no room for fraud, mortgage fraud, or any other deceitful act that can jeopardize the safety and soundness of the housing industry,” Fannie Mae Board of Directors Chairman William Pulte said in a statement. “Since my swearing-in, we fired over 100 employees from Fannie Mae who we caught engaging in unethical conduct, including facilitating fraud, against our great company. Anyone who commits fraud against Fannie Mae does so against the American people.”

Fannie Mae’s leader praised Pulte for the move.

“I would like to thank Director Pulte for his empowering of Fannie Mae to root out unethical conduct, including anyone facilitating fraud. We hold our employees to the highest standards, and we will continue to do so,” Fannie Mae President and CEO Priscilla Almodovar said.