Management shake-up at Fannie Mae

Politics & Business / Money And Finance

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Management shake-up at Fannie Mae

US mortgage giant Fannie Mae has announced a shake-up of top executives, in an attempt to restore confidence after a series of losses. Three executives have left, but the board said it remained committed to its chief executive Daniel Mudd. Fannie Mae and Freddie Mac are a key part of the US market, guaranteeing half the mortgages offered.
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