Fannie Mae Says Operating Chief Edwards to Step Down Next Year

Mortgage & Real Estate

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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.

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