Fannie Mae CEO To Step Down

Law360, New York (January 10, 2012, 8:28 PM EST) -- Fannie Mae CEO Michael J. Williams, the second person to take the helm of the bailed-out mortgage giant since it was placed into a federal conservatorship, will resign as soon as the company finds a successor, Fannie Mae said Tuesday.

Williams has served as president and chief executive officer of Fannie Mae since April 2009. Fannie Mae and fellow government-sponsored enterprise Freddie Mac came under the authority of the Federal Housing Finance Agency in September 2008 after both companies foundered in the wake of the subprime...
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