Fannie Mae names general counsel Timothy Mayopoulos as its next CEO. Mayopoulos has an...

|About: Fannie Mae (FNMA)|By:, SA News Editor

Fannie Mae names general counsel Timothy Mayopoulos as its next CEO. Mayopoulos has an interesting story - he was fired from BofA on the eve of its takeover of Merrill to make way for Brian Moynihan; he now will have a hand in policy regarding put-backs of punk mortgages to or purchases of new ones from the bank.