Fannie Mae is at the top of the chain in terms of mortgage financing and even the top is not immune to market dynamics!
Inman Real Estate News – Fannie Mae plans to lay off ‘several hundred’ workers: “Mortgage repurchaser Fannie Mae says it will lay off several hundred employees by the end of the year as a cost-cutting measure, confirming a March 27 Washington Examiner report based on an internal company memo.”