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From: peppe51	1/24/2009 1:48:33 PM
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500.... Layoffs On The Horizon at Fannie Mae 2009_0124_fannie mae hq.jpg Fannie Mae's Wisconsin Avenue headquarters. Photo by NCinDC. Fannie Mae, the national mortgage dealer headquartered in Washington, will be laying off some of its staff as part of a corporate realignment, according to a Washington Business Journal report. Fannie isn't talking numbers, but WTOP's sources say that it will be under 500 jobs. (That's still almost 10% of the organization's total workforce -- no small potatoes.) Fannie last made such sweeping job cuts in March 2007, after an accounting scandal caused the loss of several hundred jobs. The layoffs shouldn't come as a terribly big surprise. Fannie Mae's stock closed trading on Friday at 67 cents per share, and it has been a very trying couple of months for Ms. Mae -- lowlighted by former Treasury Secretary Henry Paulson claiming that the government-controlled company should be replaced and the veritable smackdown handed down by a Congressional panel about the organization's hand in the national foreclosure crisis. dcist.com

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