InfoAnda - Fannie Mae Starts Laying Off Hundreds Of Staff

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Home | News Briefs | U.S. | World | Celeb Buzz | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird & Offbeat Fannie Mae Starts Laying Off Hundreds Of Staff January 23, 2009 8:57 p.m. EST Windsor Genova - AHN News Writer Washington, D.C. (AHN) - Fannie Mae on Friday started laying off several hundreds of employees but the mortgage guarantor giant said it will hire the same number of workers for its Dallas offices. Workers affected by the layoff are those in technology, administration, communications and the company's single-family unit, which buys and bundles mortgages from lenders. "Fannie Mae is taking steps to realign the company's organization, personnel and resources to focus on our most critical priorities, which include preventing foreclosures to help keep people in their homes and aiding in the recovery," said Fannie Mae spokesman Brian Faith in a statement, according to Washington Post. "As part of this effort, the company is planning to increase staffing levels in some areas, such as in our Dallas operations where our foreclosure prevention and loss mitigation efforts are centralized, and reduce staffing levels in others to fully meet the company's primary objectives," he said. Fannie Mae, which was taken over by the Federal Housing Finance Agency in September, has 5,500 employees. Copyright © 2003 - 2009 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Home | News Briefs | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat © 2009 AHN Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services All Rights Reserved

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