Fannie Mae Chief Executive Michael J. Williams stepping down

Jan. 10 (Bloomberg) -- Fannie Mae Chief Executive Officer Michael J. Williams will leave the mortgage finance company effective upon the naming of a successor.

Washington-based Fannie Mae made the announcement in a filing with the Securities and Exchange Commission.

Williams became head of the mortgage company in 2009, soon after mounting losses forced the company and its smaller rival, Freddie Mac, into government conservatorship.

Loading...

Comments

Add your comment
 
Read what others are saying About Badges