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Fannie Mae Chief Executive Michael Williams plans to step down from his position when a new CEO is appointed, according to the agency Tuesday. “I decided the time is right to turn over the reins to a new leader. As I told our employees today, I am extremely proud of what we have achieved together, and I am confident that they will continue to make a positive difference,” Williams said. Fannie Mae has been under government conservatorship since September, 2008.

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