Fannie Mae senior ranks see at least 10 departures
At least 10 high-ranking officials are leaving Fannie Mae, raising concerns about more turmoil at the mortgage market backstop, according to people familiar with the matter.
FNMA Fannie Mae Hit by Turmoil in Senior Ranks as at Least 10 Executives Depart -- WSJ At least 10 high-ranking officials are leaving Fannie Mae, raising concerns about more turmoil at one of the firms that back major portions of the mortgage market, according to people familiar with the matter.
Word of the Senior departures spread across the industry Friday, creating worries that Fannie's ability to provide stability to prices and activity could be hampered.