‘Business as Usual’ Runs Headlong Into New Management Direction at Fannie Mae
September 25, 2008
Less than two weeks after the government takeover of Fannie Mae, the company announced an organizational realignment, the departure of four more top executives and tougher eligibility rules for approved seller servicers. As part of the internal shakeup, Fannie’s three lines of business – single-family mortgage guaranty, capital markets, and housing and community development – will report...