The chief executive officer of the Federal National Mortgage Association is leaving. In addition, the government-controlled enterprise is filling two other C-Suites.
When Timothy J. Mayopoulos was named president and CEO of Fannie Mae in 2012, he had just been fired by Bank of America Corp. after he called for the bank to disclose losses from the acquisition of Merrill Lynch & Co.
Mayopoulos started with BofA in 2009. When he left the Charlotte, North Carolina-based firm, he was executive vice president, chief administrative officer and general counsel.
Source: Mortgage Daily