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Fannie Mae shakes up management team

Washington : DC : USA | 3 months ago
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Fannie shares rose 86 cents, or 15.3 percent, to $6.48 Wednesday, while Freddie advanced 78 cents, or 19.7 percent, to $4.75. Fannie Mae said CFO Stephen Swad, who joined the company last year from Internet company AOL LLC, is leaving to "pursue other opportunities" in the private equity business....

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