Posts with tag Timothy Mayopoulos fannie mae

By Marcy Gordon WASHINGTON -- Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter. The 2012 gain was driven by the housing recovery, which has reduced delinquencies and lifted home prices six years after the bubble burst. The... Continue Reading »

Mortgage giant Fannie Mae has announced that Timothy J. Mayopoulos is now CEO of the government-sponsored company. The announcement follows the January resignation of Fannie Mae's previous CEO, Michael J. Williams, and comes shortly after the company reported that it did not require a bailout for the first quarter of... Continue Reading »