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Fannie Mae Cutting JobsWashington Business Journal
January 23, 2009
Fannie Mae, seized by the government last fall, is cutting hundreds of jobs in the Washington, D.C. area.
“We are realigning the company to focus on our primary objectives,” said Fannie Mae spokesman Brian Faith. “We will actually be increasing on personnel and resources in areas that have to do with preventing foreclosures and loss mitigation.”
The company will likely end the year with the same number of employees it currently has, he said.
Many of the new hires will likely be in the Dallas area, where Fannie Mae’s foreclosure prevention efforts are centralized.
Fannie Mae (NYSE: FNM) has about 6,000 employees companywide, the vast majority of whom work at its headquarters in Washington, D.C.and two other Washington-area locations.
http://www.bizjournals.com/pittsburgh/stories/2009/01/19/daily65.html
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