This company has been done so bad recently only a turnaround expert or a surprise updraft in housing will help the company.
The company's chief financial officer, Stephen Swad, was replaced and the chief business officer, Peter Niculescu, will take on an expanded role. Fannie Mae also appointed a new chief financial officer and chief risk officer, effective immediately.
I'm not sure why they don't can the CEO as well. The stock has gone from 60 to 6 in a little over a year. If they get nationalized then the stock will actually go to zero. You figure that would get the person at the helm fired but I guess not.
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