Fannie Mae announced a management restructuring last Wednesday, resulting in Fannie’s chief financial officer and two other top executives leaving the company, and three current executives being promoted in their places. The new management team is effective immediately, and will oversee and implement the company’s capital management and credit-loss reduction plan.

News stories that Fannie Mae and Freddie Mac may not need a government bail-out also calmed investor fears. Fannie Mae completed a $2 billion sale of short-term debt last week, while Freddie Mac sold $1 billion in five-year debt on Tuesday.