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With CEO Hugh Frater Retiring, David Benson Named to Lead Fannie Mae

With CEO Hugh Frater Retiring, David Benson Named to Lead Fannie Mae
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Fannie Mae Chair, CEO To Resign May 1

Fannie Mae will soon have a new chairman of the board and a new chief executive officer. In a news release Friday afternoon, the government-sponsored enterprise announced that both board Chairwoman Sheila C. Bair and CEO Hugh R. Frater, who also is a board member, have chosen to resign effective May 1.

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