clock menu more-arrow no yes

Filed under:

Fannie Mae CEO Michael Williams to Step Down

Major news on the mortgage giant front: Michael Williams will resign as CEO of Fannie Mae as soon as his successor is named, reports the AP. A brief history: the association was established immediately after the Great Depression, privatized 30 years later, and, along with Freddie Mac, overtaken by the government in 2008. [AOL Real Estate]