The choice of Fannnie Mae's vice chairman, Franklin D. Raines, for a big White House job has created two knotty issues for the agency.

First, it would have to replace a leader who has spearheaded the development of its underwriting technology, which Fannie Mae sees as key to cutting credit costs and gaining market share.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.