Fannie Mae has fired more than 100 employees for alleged unethical conduct, according to a statement released Tuesday by the Federal Housing Finance Agency (FHFA). While the press release did not specify which departments the employees worked in, it alleges that they engaged in the “facilitation of fraud.”

“In President Trump’s housing market, there is no room for fraud, mortgage fraud or any other deceitful act that can jeopardize the safety and soundness of the housing industry,” stated FHFA Director Bill Pulte. “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. Anyone who commits fraud against Fannie Mae does so against the American people.”

On Monday, The Times of India reported that Fannie Mae sacked 700 workers, including 200 people from the Telugu community, an ethnic group who speak the Telugu language. According to the Mumbai-based English-language newspaper, the terminations were based on “ethical grounds” related to the misuse of a matching grants program.

The FHFA has not commented on The Times of India’s reporting, and it is unclear if it may be related to Tuesday’s official press release from the government-sponsored enterprise.

Pulte, who posted an image of the FHFA press release on X, has been active on the social media platform this week. On Monday, he posted: “Today, I cut several Obama and Biden regulations that were hurting housing affordability.”

It is unclear which regulations Pulte was referring to, and the agency he heads has not released an official statement on the matter. The FHFA did not immediately respond to Scotsman Guide’s request for comment.