Alabama U.S. Senator Katie Britt thinks it should come as no surprise that Birmingham is making headlines this week for its latest big-league corporate get.
It was announced yesterday that Fannie Mae, a federally chartered mortgage-finance giant, is relocating its San Francisco, California workforce to Birmingham, Alabama under the direction of Federal Housing Finance Agency Director Bill Pulte and President Donald Trump.
On Thursday, Britt (R-Montgomery) celebrated that move, saying it will result in high-quality jobs, including finance, servicing and accounting roles relocating to Alabama next year.
“I’m proud to celebrate this announcement today, which reflects the hard work and talents of Alabama’s skilled workforce and pro-jobs environment,” Senator Britt said.
“This move will not only boost economic growth in our state but will also contribute to meeting the housing needs of families across the country.”
While exact manpower figures have not yet been released, officials say Fannie Mae’s Birmingham operation is expected to open in 2026.
U.S. Senator Tommy Tuberville (R-Auburn) first announced news of the move yesterday, describing the impact as “hundreds of jobs” coming to the Yellowhammer State.
In her role as Chairman of the U.S. Senate Banking Committee’s Housing, Transportation, and Community Development Subcommittee, Britt has been working alongside Director Pulte to address challenges with the American housing finance system, affordability, and homeownership.
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“As Chairman of the Housing Subcommittee, I have been dedicated to addressing our nation’s affordable housing shortage, including working with the Trump Administration to identify innovative ways to increase our housing stock and strengthen local communities,” Britt said.
“I’m proud to celebrate this announcement today, which reflects the hard work and talents of Alabama’s skilled workforce and pro-jobs environment. This move will not only boost economic growth in our state but will also contribute to meeting the housing needs of families across the country.”
Director Pulte said Britt’s housing work in Washington is already translating into results back home in Alabama and across the nation.
“Senator Britt has been a tireless advocate for Alabama and longstanding supporter of strengthening our housing finance system,” Pulte said.
As Chair of the Banking Subcommittee on Housing, she has been an invaluable partner to the FHFA as we work hard to bolster access to rural housing and grow the availability of manufactured housing. I’m incredibly thankful to both Senators Britt and Tuberville who have both made Alabama a place we’re proud to be.”
Fannie Mae, formally the Federal National Mortgage Association, plays an outsized role in the U.S. housing finance system.
It purchases mortgages from lenders and bundles them into mortgage-backed securities, a process designed to keep money flowing through the mortgage market and ultimately make it possible for more Americans to buy a home.
Next year, a segment of Fannie Mae’s workforce will be advancing that mission from Alabama.
Grayson Everett is the editor in chief of Yellowhammer News. You can follow him on X @Grayson270.
