Fannie Shuffles VPs, Creates New Post

Fannie Mae has announced key executive changes at the company involving three vice presidents and a newly created post.Robert J. Levin, who has been executive vice president for marketing since 1990, has been named executive vice president for housing and community development, a new position. Ann D. Logan, an executive vice president and chief credit officer since 1993, has been appointed executive vice president for single-family mortgage business. Taking over Ms. Logan's post as EVP and chief credit officer will be Adolfo Marzol, who (subject to board approval) will be promoted from his current post of senior vice president for single-family marketing. Fannie Mae said the creation of the new community development post "reflects a commitment by the company to significantly enhance its community lending initiatives." Separate reporting responsibilities for various low-income housing initiatives will be consolidated under Mr. Levin, who will oversee the National Housing Impact Division, multifamily lending, and community investment programs. Fannie Mae chairman and chief executive officer James A. Johnson said Mr. Levin is "the company's most experienced manager in all aspects of housing finance." Fannie Mae's website address is http://www.fanniemae.com.