‘As CEO, I have focused the company on providing the necessary funding to support sustainable homeownership and quality affordable housing; creating the solutions needed to stabilize the market and help homeowners in distress; and building a strong new leadership team that can move the company and the industry forward,’ said Williams in a statement. ‘For the past three years, we have executed on this important mission, while making fundamental changes to prepare housing finance for a better future. 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 was appointed president and CEO in 2009, after the company was placed in federal conservatorship. He will continue as CEO and as a director until Fannie Mae's board of directors names a successor, at which time he will leave the company.