Fannie Mae Says Operating Chief Edwards to Step Down Next Year

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Fannie Mae, the largest source of funding for U.S. mortgages, said Chief Operating Officer Terence Edwards plans to leave the government-backed company in the first half of next year.

His duties overseeing credit-portfolio management and the work on a common securitization platform have already been turned over to other managers, Washington-based Fannie Mae said today in a regulatory filing.

Article source: http://www.nationalmortgagenews.com/news/people/fannie-mae-says-operating-chief-edwards-to-step-down-next-year-1042716-1.html

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