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Fannie Mae COO to depart

Washington Business Journal, By Jeff Clabaugh

Fannie Mae says chief operating officer Terence Edwards has notified the company he will leave during the first half of 2015.

It gave no reason for Edwards’ departure, which was disclosed in a regulatory filing. It did not name a replacement, or provide information on a search for his replacement.

Edwards’ responsibilities for Fannie Mae’s credit portfolio management organization and work on a common securitization platform were transitioned to others effective Sept. 21, it said. He continues to be responsible for oversight of other strategic initiatives.

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