Howard Named Fannie Vice Chair

Timothy Howard, Fannie Mae's chief financial officer, has been named vice chairman of the government-sponsored enterprise, replacing the departing Jamie Gorelick.Mr. Howard's appointment followed his election to Fannie Mae's board of directors at the company's annual meeting of shareholders, the GSE said. He will continue to serve as company CFO. Mr. Howard joined Fannie Mae in 1982 as vice president and chief economist. He later served as senior vice president for economics and planning, executive vice president of economics, strategic planning, and financial analysis, and EVP of asset management. Ms. Gorelick announced in January that she would leave Fannie Mae to become a member of the National Commission on Terrorist Attacks. She recently announced that she will become a partner in Wilmer, Cutler & Pickering, a Washington law firm, as of July 1.