Williams was appointed to the top post at Fannie Mae in 2009, after the company was placed in federal conservatorship. He will continue as CEO and as a director until Fannie Mae’s board names a successor, the GSE said in a statement.

Edward DeMarco, acting director of the GSE’s regulator, the Federal Housing Finance Agency (FHFA), said his organization will work closely with Fannie Mae’s board of directors in searching for a new CEO.

“Mr. Williams’ leadership was instrumental in guiding Fannie Mae through the transition into conservatorship and in directing Fannie Mae’s efforts to enhance loss mitigation strategies Continue....

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