Fannie operations head to step down

By Will Caiger-Smith
24 Sep 2014

The chief operating officer of Fannie Mae, the government-sponsored entity which provides the largest source of funding for US mortgages, is stepping down. Joy Cianci will take over some of his responsibilities.

Terence Edwards, whose job included overseeing credit portfolio management and preparations for a common securitization platform for the GSEs, will leave the firm in the first half of 2015.

Those roles have already been passed on to other managers at the Washington, DC based company, which is ...

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