New head of single-family, general counsel named at Fannie Mae
Article excerpt
New head of single-family, general counsel named at Fannie Mae. Fannie Mae has named Jake Williamson as the new head of its single-family division and Tom Klein as acting general counsel in the latest leadership shake-up at the government-sponsored mortgage investor. In a press release, Federal Housing Finance Agency (FHFA) Director Bill Pulte, regulator of government-sponsored enterprises Fannie Mae and Freddie Mac, said the promotions "will help lead the company to increased safety and soundness and accelerated profitability." Pulte installed himself as chairman of Fannie Mae's and Freddie Mac's separate boards of directors in March, shortly after assuming his FHFA director role, and ousted 14 board members at the two companies. Since then, an array of promotions and departures have ensued at Fannie. Most recently, CEO Priscilla Almodovar departed and was replaced on an acting basis by Peter Akwaboah, the company's chief operating officer since May 2024. "Elevating experienced and trusted leaders like Jake and Tom to these roles will help us quickly build upon our rock-solid foundation," commented Akwaboah on Williamson's and Klein's promotions, in a press release. Williamson, who most recently served as senior vice president of single-family collateral risk, replaces Malloy Evans, who is leaving the company. "Serving Fannie Mae Single-Family over the years has been...
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Meanwhile, John Roscoe and Brandon Hamara were named co-presidents of Fannie Mae last week, each having previously held executive roles in the agency world.
