General World News

Johnson, Brummer appointed to Fannie Mae board

Fannie Mae announced today the appointment of Simon Johnson and Christopher Brummer to its board of directors, as well as the extension of Robert Hertz’s board term for another three years.

Fannie CEO Hugh Frater said Johnson and Brummer bring “deep economic, regulatory, and business expertise,” and Board Chairwoman Sheila Bair said the duo are “proven public policy leaders.”

The news of Johnson and Brummer’s appointment comes one day after Federal Housing Finance Agency (FHFA) Director Mark Calabria announced  the disbursement of $1.09 billion for Fannie Mae and Freddie Mac‘s affordable housing allocations. It’s the largest amount ever disbursed by details ⇒

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