3 top Fannie Mae executives to leave company

WASHINGTON - August 27, 2008 - Fannie Mae Chief Financial Officer Stephen Swad is leaving to "pursue other opportunities" in the private equity business. He is being replaced by David C. Hisey, formerly the company's senior vice president and controller.

Fannie named Peter Niculescu as chief business officer, replacing the retiring Robert J. Levin.

Michael Shaw is taking over as chief risk officer for Enrico Dallavecchia, who is also leaving the company.

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