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Fannie Mae announces resignation of board member

BY Reuters | AGENCY | 09/26/25 04:51 PM EDT

(Reuters) -The U.S. Federal National Mortgage Association, known as Fannie Mae, said on Friday that board member Karin Kimbrough resigned from her position on September 22.

It did not provide additional details regarding the resignation.

The Trump administration has been weighing initial public offerings of Fannie Mae and Freddie Mac for later this year, a senior official told Reuters in August.

The mortgage giants, which have been under government control for years, could be valued at nearly $500 billion combined.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Alan Barona)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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