Fannie Mae COO to step down

Plans to leave first half of 2015

Fannie Mae chief operating officer Terence Edwards plans to leave the company in the first half of next year, the government-sponsored enterprise confirmed.

To ensure a smooth transition in connection with his departure, Edwards’ responsibilities for Fannie Mae’s credit portfolio management organization and for overseeing Fannie Mae’s work in developing and integrating to a common securitization platform were transitioned to others effective Sept. 21,” Fannie Mae said in an 8K filing.  

The government entity noted that Edwards will continue to be responsible for oversight of other strategic initiatives, along with continuing to play a role in Fannie Mae’s work in connection with the common securitization platform.

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