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Bill Pulte Takes Top Intelligence Post as Fannie Mae Faces Governance Spotlight The head of Fannie Mae and Freddie Mac’s regulator, Bill Pulte, has also been appointed acting director of national intelligence, adding a major national security post to his responsibilities.
Fannie Mae previously faced $400 million in penalties after executives manipulated accounting to hit bonus targets, with regulators citing weak financial reporting, internal controls and corporate governance.
Alongside Freddie Mac and Ginnie Mae, Fannie Mae plays a central role in supporting the U.S. real estate mortgage market through government guarantees and mortgage-backed securities.
The dual role for Pulte could keep Fannie Mae’s regulatory and capital framework closely tied to broader policy priorities, which matters for any future discussion around an IPO or changes to its government support.
Given the history of accounting issues and penalties, investors will likely focus on the strength of current governance and controls as much as on any policy moves that affect Fannie’s role in the mortgage market. Announcement • Apr 27
Federal National Mortgage Association to Report Q1, 2026 Results on Apr 29, 2026 Federal National Mortgage Association announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026 Announcement • Feb 06
Federal National Mortgage Association to Report Q4, 2025 Results on Feb 11, 2026 Federal National Mortgage Association announced that they will report Q4, 2025 results Pre-Market on Feb 11, 2026 Announcement • Oct 13
Federal National Mortgage Association Announces Appointment of Omeed Malik as Member of the Nominating and Corporate Governance Committee, Compensation and Human Capital Committee, Effective November 1, 2025 Federal National Mortgage Association is filing this Amendment No. 1 to both the April 15, 2025 Form 8-K and the July 23, 2025 Form 8-K to report that, on October 8, 2025, its Board of Directors appointed Mr. Omeed Malik to serve as a member of the Nominating and Corporate Governance Committee and Mr. Habib to serve as a member of the Compensation and Human Capital Committee, in each case effective as of November 1, 2025. Announcement • Oct 09
Federal National Mortgage Association Appoints Brandon Hamar to the Board of Directors and Hamara as Senior Vice President and Head of Operations for Single-Family and Multifamily On October 6, 2025, Brandon Hamara was appointed to the Board of Directors of Fannie Mae, effective as of October 7, 2025. The appointment of Mr. Hamara is until the earlier of: (1) the next annual election of Board members; or (2) the date on which he resigns or is removed by U.S. Federal Housing FHFA (the Federal Housing Finance Agency), as conservator, while Fannie Mae is in conservatorship. Mr. Hamara was also appointed to serve as Fannie Mae’s Senior Vice President and Head of Operations for Single-Family and Multifamily, and is expected to start in this role in November 2025. Announcement • Sep 27
Federal National Mortgage Association Announces Resignation of Karin Kimbrough from Board of Directors, Effective as of September 22, 2025 On September 22, 2025, Karin Kimbrough notified Federal National Mortgage Association of her resignation from Fannie Mae’s Board of Directors, effective as of September 22, 2025. Announcement • Jul 26
Federal National Mortgage Association to Report Q2, 2025 Results on Jul 30, 2025 Federal National Mortgage Association announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Announcement • May 28
Fannie Mae Launches Ai Fraud Detection Technology Partnership with Palantir Fannie Mae announced the launch of its AI-powered Crime Detection Unit in partnership with leading AI software company Palantir. The new partnership will expand Fannie Mae's fraud detection capabilities with leading AI-enabled financial crimes data science and investigations technology. This foundation will power Fannie Mae's crime Detection Unit, a new platform that the company believes will help detect and prevent mortgage fraud with speed and precision never before seen in the U.S. housing market. Fannie Mae's Crime Detection Unit's capabilities will save the U.S. housingmarket millions in future fraud losses. Palantir designs and deploys artificial intelligence and machine learning technology used by government agencies and commercial clients. The company's technology provides expansive monitoring for anomalous transactions, activities, and behaviors to help companies detect suspicious activity and trigger investigative action. Announcement • Apr 28
Federal National Mortgage Association to Report Q1, 2025 Results on Apr 30, 2025 Federal National Mortgage Association announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025 Announcement • Apr 16
Fannie Mae Appoints Omeed Malik to the Board of Directors, Effective April 14, 2025 On April 14, 2025, Omeed Malik was appointed to the Board of Directors of Fannie Mae, effective as of that date. The appointment of Mr. Malik is until the earlier of: (1) the next annual election of Board members; or (2) the date on which he resigns or is removed by U.S. Federal Housing FHFA, as conservator, while Fannie Mae is in conservatorship. Announcement • Apr 15
Federal National Mortgage Association Announces Board and Committee Appointments Effective April 9, 2025, Federal National Mortgage Association's Board of Directors appointed Mr. William J. Pulte to serve as Chair of the Nominating and Corporate Governance Committee; Mr. Clinton Jones to serve as a member of the Compensation and Human Capital Committee and the Risk Policy and Capital Committee; and Mr. Michael Stucky to serve as Chair of the Compensation and Human Capital Committee and a member of the Audit Committee. With these additions, the company's Board Committee Chairs are: Manolo Sánchez as Chair of the Audit Committee; Mr. Stucky as Chair of the Compensation and Human Capital Committee; Mr. Pulte as Chair of the Nominating and Corporate Governance Committee; and Karin Kimbrough as Chair of the Risk Policy and Capital Committee. On April 10, 2025 and effective as of that date, Fannie Mae's Board of Directors appointed Mr. Stucky to serve as Vice Chair of the Board. Announcement • Mar 22
Federal National Mortgage Association Announces the Resignation of Christopher Stanley as Board of Director Federal National Mortgage Association announced that on March 18, 2025, Christopher Stanley notified the company of his resignation from company's Board of Directors, effective as of that date. Announcement • Feb 12
Federal National Mortgage Association to Report Q4, 2024 Results on Feb 14, 2025 Federal National Mortgage Association announced that they will report Q4, 2024 results Pre-Market on Feb 14, 2025 Announcement • Nov 08
Fannie Mae Appoints Scott D. Stowell to Its Board of Directors Fannie Mae announced Scott D. Stowell has been appointed to its Board of Directors. Mr. Stowell brings nearly 40 years of experience in the U.S. homebuilding industry to Fannie Mae's accomplished and diverse Board, which guides the company's efforts to responsibly expand access to mortgage credit and finance quality, affordable rental housing. Mr. Stowell is the Founder, CEO, and President of Capital Thirteen LLC, an advisory, real estate investment, and angel investing company. Mr. Stowell currently sits on the Board of Directors at Toll Brothers, Pacific Mutual Holding Company, and HomeAid America, a non-profit organization whose mission is to help people experiencing or at risk of homelessness build new lives through construction, community engagement, and education.
Mr. Stowell held various roles at Standard Pacific Homes from 1986 to 2015, advancing through the company to serve as CEO beginning in 2012. Upon the creation of CalAtlantic Group Inc. in 2015, the result of the merger of Standard Pacific Homes and the Ryland Group, Mr. Stowell served as the Executive Chairman of CalAtlantic Group Inc. After CalAtlantic merged with the Lennar Corporation in 2018, Mr. Stowell served on the Lennar Corporation Board of Directors until 2021. Announcement • Oct 25
An undisclosed buyer proposed to acquire Twenty-fifth Community Impact Pool of Federal National Mortgage Association. An undisclosed buyer proposed to acquire Twenty-fifth Community Impact Pool of Federal National Mortgage Association on October 24, 2024. The transaction is expected to close on December 20, 2024.
BofA Securities, Inc. acted as financial advisor for Twenty-fifth Community Impact Pool of Federal National Mortgage Association. First Financial Network, Inc. acted as financial advisor for Twenty-fifth Community Impact Pool of Federal National Mortgage Association. Announcement • Oct 24
Federal National Mortgage Association to Report Q3, 2024 Results on Oct 31, 2024 Federal National Mortgage Association announced that they will report Q3, 2024 results Pre-Market on Oct 31, 2024 Announcement • Jul 23
Federal National Mortgage Association to Report Q2, 2024 Results on Jul 30, 2024 Federal National Mortgage Association announced that they will report Q2, 2024 results Pre-Market on Jul 30, 2024 Announcement • May 16
Fannie Mae Appoints Diane N. Lye to Its Board of Directors Fannie Mae announced Diane N. Lye has been appointed to its Board of Directors. Dr. Lye brings years of technology and financial services expertise to the company's accomplished and diverse Board as it helps Fannie Mae fulfill its mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America. Dr. Lye has over 30 years of experience in data science and technology. Most recently, she served as Chief Information Officer at Rivian Automotive Inc., an electric vehicle manufacturer, from October 2022 to December 2023. Previously, Dr. Lye was at Capital One, National Association, where she served as Executive Vice President and Chief Information Officer for Card Technology, from May 2019 to September 2022, and as Senior Vice President of Enterprise Data, Machine Learning, Risk and Finance Technology, from October 2016 to May 2019. Prior to joining Capital One, Dr. Lye held a variety of technology-centered leadership roles at Amazon, Citigroup, and Bank of America. Announcement • Apr 24
Federal National Mortgage Association to Report Q1, 2024 Results on Apr 30, 2024 Federal National Mortgage Association announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024 Announcement • Feb 23
Federal National Mortgage Association Appoints Peter Akwaboah as Executive Vice President and Chief Operating Officer, Effective May 20, 2024 Federal National Mortgage Association announced Peter Akwaboah has been appointed Executive Vice President and Chief Operating Officer (COO), effective May 20, 2024. Akwaboah has nearly three decades of experience from across the financial services industry and will be responsible for Fannie Mae's Chief Information Office, Enterprise Operations, Business Resiliency, and Enterprise Workplace and Security functions. In this role, Akwaboah will be a member of Fannie Mae's Management Committee and report to Chief Executive Officer (CEO) Priscilla Almodovar. Akwaboah is a Managing Director and serves as the Chief Operating Officer for Technology and the Head of Innovation at Morgan Stanley. In this role, he is responsible for driving the technology strategy with a focus on fueling the firm's innovation, effectiveness, and resilience. Akwaboah also has partnered with Morgan Stanley's businesses to build on the firm's technology investments and delivery opportunities to enable profitability. Akwaboah serves on the Board of the Morgan Stanley Foundation and is a member of the Federal Reserve Bank's Payments Risk Committee. Before joining Morgan Stanley in 2015, Akwaboah spent a decade at the Royal Bank of Scotland, including as Asia Pacific Chief Operating Officer for Operations, Technology, and Corporate Services. Prior to that, he held leadership roles in operations and technology at Deutsche Bank, KPMG, and IBM. Akwaboah serves on the Boards of the Foundation of Orthopedics and Complex Spine and the Museum of American Finance. He has a Bachelor of Engineering in Civil Engineering from the University of Birmingham, England. Announcement • Nov 15
Fannie Mae Announces Leadership Changes Fannie Mae announced a series of leadership changes following decisions by two veteran executives that they will soon retire from the company. President David C. Benson announced that he will retire in early to mid-2024 after 21 years of serving in a wide range of positions, including Interim CEO, Chief Financial Officer, Executive Vice President – Capital Markets, and Treasurer. In addition, Chief Administrative Officer Jeffery Hayward announced his intention to retire as of December 31, 2023, after 36 years with Fannie Mae during which he also led the company's Multifamily business and its National Servicing Organization. Upon Benson's departure, CEO Priscilla Almodovar, who joined the company last year, will assume the additional title of President. In this expanded capacity, she will directly manage the company's two business units: Single-Family, led by Executive Vice President Malloy Evans, and Multifamily, led by Executive Vice President Michele Evans. Current General Counsel Terry Theologides will succeed Hayward as Chief Administrative Officer. The company also announced that Danielle McCoy will become the new General Counsel & Corporate Secretary. McCoy currently serves as Senior Vice President, Deputy General Counsel & Deputy Corporate Secretary. Terry Theologides has been General Counsel & Corporate Secretary for more than four years and previously served in senior roles at CoreLogic Inc. and Morgan Stanley's mortgage businesses. As Chief Administrative Officer he will be responsible for a broad range of Fannie Mae's operations, including Economic & Strategic Research, the ESG team, Government & Industry Relations, Legal, and Marketing & Communications. Announcement • Nov 08
Rcaf Loan Acquisition, Lp was the winning bidder to acquire 1,473 Loans Totaling $208.8 Million in Unpaid Principal Balance of Fannie Mae. Rcaf Loan Acquisition, Lp was the winning bidder to acquire 1,473 Loans Totaling $208.8 Million in Unpaid Principal Balance of Fannie Mae on October 5, 2023.The transaction is expected to close on December 22, 2023. The pools were marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors. Announcement • Oct 26
Federal National Mortgage Association to Report Q3, 2023 Results on Oct 31, 2023 Federal National Mortgage Association announced that they will report Q3, 2023 results at 9:30 AM, US Eastern Standard Time on Oct 31, 2023 Announcement • Sep 15
Pacific Investment Management Company LLC was the winning bidder to acquire 2,016 Loans Totaling $412.3 Million in Unpaid Principal Balance from Federal National Mortgage Association (OTCPK:FNMA). Pacific Investment Management Company LLC was the winning bidder to acquire 2,016 Loans Totaling $412.3 Million in Unpaid Principal Balance from Federal National Mortgage Association (OTCPK:FNMA) on September 14, 2023. Announcement • Jul 28
Federal National Mortgage Association to Report Q2, 2023 Results on Aug 01, 2023 Federal National Mortgage Association announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 01, 2023 Announcement • Jun 07
Fannie Mae Appoints Chetlur S. Ragavan as Director and the Risk Policy and Capital Committee and Nominating and Corporate Governance Committee Member Fannie Mae announced that Chetlur S. Ragavan has been appointed to its Board of Directors and will serve on the Risk Policy and Capital Committee and Nominating and Corporate Governance Committee. Mr. Ragavan brings decades of enterprise risk management and financial services expertise to Fannie Mae's diverse Board of Directors, which guides the company's mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America. Mr. Ragavan is the Founder and Principal of Risk Response LLC, which provides risk advisory and consulting services to global financial institutions. Previously, Mr. Ragavan was Executive Vice President and Chief Risk Officer of Voya Financial Inc. (formerly known as ING U.S. Inc.) from January 2014 until his retirement in April 2019. From 2008 to 2014, he served as Managing Director and Chief Risk Officer for Voya Investment Management. Prior to joining Voya Financial, Mr. Ragavan was Managing Director and Co-Head of the Portfolio Analytics Group for BlackRock from 2006 to 2008. He began his career at Merrill Lynch in 1980 and held several senior leadership roles during his 26-year career with the company, including as Managing Director and Global Head of Fixed-Income Research of Merrill Lynch Investment Managers from 2000 to 2006 and as Managing Director and Head of Risk Management of Merrill Lynch Asset Management from 1992 to 2000. Mr. Ragavan has served on the Board of Directors of CNO Financial Group Inc. since May 2021, where he is currently Chair of the Audit and Enterprise Risk Committee and a member of the Investment Committee of the Board. He also serves on the Board of the Council for Economic Education. Mr. Ragavan is a Chartered Financial Analyst. Announcement • Feb 09
Federal National Mortgage Association to Report Q4, 2022 Results on Feb 14, 2023 Federal National Mortgage Association announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 14, 2023 
