Fannie Mae said Tuesday it fired more than 100 employees for unethical conduct.
“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,” William J. Pulte, chair of Fannie Mae’s board of directors, said in a statement.
“Anyone who commits fraud against Fannie Mae does so against the American people,” he added.
In his Tuesday statement, the Pulte said under the Trump administration there would be no room for fraud, mortgage fraud or “any other deceitful act that can jeopardize the safety and soundness of the housing industry.”
Pulte was sworn in on March 14 after being appointed by President Trump.
Fannie Mae CEO Priscilla Almodovar praised the move.