Fannie Mae

New CEO for Fannie Mae

Michael Williams has been appointed president and chief executive for US mortgage lender Fannie Mae.

Fannie Mae hit by $25.2 billion loss in Q4

Government sponsored entity (GSE) Fannie Mae announced losses of $25.2 billion for the fourth quarter of 2008 yesterday, linked to mortgage defaults, falling home prices and ailing credit markets. The poor showing was driven by $12.3 billion in net fair…