Fannie Mae Suddenly Fires 12 Executives, Raising Concerns Over US Mortgage Market Stability

According to media reports, approximately 12 executives at Fannie Mae, a pillar institution in the US mortgage market, were suddenly dismissed, with the eliminated positions spanning core departments including multi-family lending, finance, and regulatory affairs. The news comes at a time when US Treasury yields are rising and borrowing costs are surging, intensifying external concerns over the stability of the trillion-dollar mortgage system. The Director of the Federal Housing Finance Agency responded that the layoffs were driven by technological advancements.