Prospect Mortgage Names Former Fannie Mae CEO Michael Williams as Chairman

Prospect Mortgage, a Sherman Oaks, Calif.-based home purchase lender, has appointed Michael Williams, a former president and CEO of Fannie Mae, chairman of its board of directors. Prior to Fannie Mae, Williams held positions at KPMG Peat Marwick and the DuPont Company. Prospect is backed by the private equity firm Sterling Partners.

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