Michael Williams has decided to step down from his position as CEO and president of Fannie Mae, the GSE announced today.
Williams was appointed to the top post at Fannie Mae in 2009, after the company was placed in federal conservatorship. He will continue as CEO and as a director until Fannie Mae’s board names a successor, the GSE said in a statement.
Edward DeMarco, acting director of the GSE’s regulator, the Federal Housing Finance Agency (FHFA), said his organization will work closely with Fannie Mae’s board of directors in searching for a new CEO.
“Mr. Williams’ leadership was instrumental in guiding Fannie Mae through the transition into conservatorship and in directing Fannie Mae’s efforts to enhance loss mitigation strategies Continue....
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