twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.

Fannie CEO Done

Williams decides to resign

Jan. 10, 2012

By staff

The chief executive officer of the Federal National Mortgage Association has apparently had enough.

In a statement Tuesday, the Washington, D.C.-based firm said Michael J. Williams has decided to step down.

The executive will stay on until a replacement is found.

"I decided the time is right to turn over the reins to a new leader," Williams said in the statement.

Williams replaced Herbert M. Allison Jr. as CEO of the troubled giant in 2009 not long after Fannie Mae and Freddie Mac were seized by their regulator, the Federal Housing Finance Agency, in September 2008. He originally came on board in 1991.

The secondary lender said Williams led Fannie's eCommerce and eBusiness divisions and oversaw development of Desktop Underwriter. He also reportedly led its financial restatement and accounting and control reforms.

Fannie, which along with Freddie has received $170 billion in taxpayer bailouts, has been criticized by Congress over $12 million paid in executive bonuses.

FHFA Acting Director Edward J. DeMarco has defended the compensation -- noting that it wouldn't be wise to go bargain hunting for executives who will oversee more than $5 trillion in assets.

In a statement today, DeMarco praised Williams for his leadership while Fannie was in conservatorship.

"As conservator, I am grateful for Mr.
Williams' steadfast dedication to ensuring Fannie Mae meets its public mission of providing stability, liquidity, and affordability to housing finance while both leading his company and working with government officials to that end. FHFA," DeMarco said in the statement.

Freddie disclosed in October that its CEO, Charles E. Haldeman Jr., plans to step down this year.

Fannie Mae profile

next story

back to current headlines

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders