The president and chief executive who has guided the Federal National Mortgage Association through $180 billion in profits is leaving next week.

Timothy J. Mayopoulos was appointed president and CEO of Fannie Mae in 2012. He originally joined the Washington-based organization in 2009.

Since Mayopoulos has been in charge of the secondary mortgage lender, pre-tax income through mid-2018 has amounted to $180.4 billion.

Source: Mortgage Daily