Michael Williams, the president and CEO of Fannie Mae, announced plans to step down as soon as a successor can be appointed, according to a company filing issued Tuesday to the Securities and Exchange Commission.

Williams has served in that role since April 2009 and was previously Fannie's executive vice president and chief operating officer from November 2005 to April 2009.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.