Revisit What Fannie CEO Said in SD Last Year
Wednesday, January 11, 2012
San Diego Union-Tribune -- The CEO of Fannie Mae - which buys mortgages from lenders and sells them to investors on the secondary mortgage market - has announced he is stepping down once a replacement is named, several news reports have said.
Tuesday's news of Michael J. Williams' imminent departure comes amid criticisms of hefty executive pay and the government-sponsored enterprise's position on housing policy.
Williams visited San Diego back in March to discuss the future of the mortgage market following the White House's proposal to eventually sunset Fannie and Freddie Mac.
Here are a few nuggets from his keynote speech at a real estate conference put on by the University of San Diego at the Hilton San Diego Bayfront: (Full Story)