CEO who led Fannie after US takeover (Earned $9.3 mln For Two Years) to quit

The executive who was appointed to lead mortgage giant Fannie Mae in 2009 after the federal government seized the company plans to step down as its CEO. Michael J. Williams announced Tuesday he will continue as CEO and as a director until a successor is found...

Williams oversaw the restructuring of Fannie's foreclosure-prevention efforts and managed the troubled firm's reorganization and transition to conservatorship...

Freddie's CEO, Charles E. "Ed" Haldeman Jr., announced in October that he would resign within the next year. The departures amount to the biggest leadership shake-up for the agencies since their takeover.

Williams, Haldeman and other Fannie and Freddie executives faced intense questioning on Capitol Hill in November over tens of millions of bonuses and compensation they received since 2009. Twelve executives at the firms received roughly $35.4 million in total salary and bonuses in 2009 and 2010. Williams earned about $9.3 million for the two years.