Fannie Mae Puts Employees on Leave Amid Probe of Apartment Deal

Four Fannie Mae employees were put on administrative leave after the mortgage company was notified that government investigators were examining a transaction with New York-based real estate firm Related Cos., people briefed on the matter said.

Fannie Mae spokeswoman Kelli Parsons confirmed in an e-mailed statement that the inspector general’s office at the company’s regulator, the Federal Housing Finance Agency, “is conducting an investigation of a transaction in our multi-family business” and that employees had been placed on leave. The statement didn’t specify the transaction or the number of employees involved.