Kevin G. Chavers has resigned as president of Ginnie Mae, leaving it uncertain whether he would accept an expected nomination to head the Office of Federal Housing Enterprise Oversight.

In a letter of resignation to President Clinton, Mr. Chavers said, "My family and I have determined that, after nine years of public service, it is now an appropriate time for me to return to the private sector."

Mr. Chavers stepped down last week. His resignation was announced Monday.

President Clinton announced his intention last August to nominate Mr. Chavers, 34, to be director of the housing office, which regulates the fiscal soundness of Fannie Mae and Freddie Mac. But the formal nomination was never sent to Congress.

Mr. Chavers said in his letter that although he was leaving the government, "I look forward to further opportunities to support your Administration."

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