Fannie Mae announces resignation of board member
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FILE PHOTO: A man walks through a plaza at the new Fannie Mae headquarters in Washington, U.S., October 4, 2022. REUTERS/Kevin Lamarque/File Photo
(Reuters) -The U.S. Federal National Mortgage Association, known as Fannie Mae, said on Friday that board member Karin Kimbrough resigned from her position on September 22.
It did not provide additional details regarding the resignation.
The Trump administration has been weighing initial public offerings of Fannie Mae and Freddie Mac for later this year, a senior official told Reuters in August.
The mortgage giants, which have been under government control for years, could be valued at nearly $500 billion combined.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Alan Barona)
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