Fannie Mae appoints new single-family chief executive and acting general counsel
Williamson, who has been with Fannie Mae for nearly two decades, previously served as senior vice president of collateral risk for single-family residential properties. He will report to co-president Brandon Hamara and succeed Malloy Evans, who is leaving the company.
Klein, a 20-year veteran of Fannie Mae’s legal department, most recently served as the company’s deputy general counsel. He will report to acting CEO and COO Peter Akwaboah, who was appointed acting CEO on Wednesday.
“Elevating experienced and trusted leaders like Jake and Tom to these roles will allow us to quickly build on our rock-solid foundation. I look forward to working with them,” said Akwaboah.
Pulte thanked outgoing executives Evans and Danielle McCoy, the outgoing general counsel, for their years of service. “We greatly appreciate Malloy and Danielle for their contributions and wish them the best in their future endeavors,” he said.
“It has been a true honor to serve Fannie Mae Single-Family over the years. I couldn’t be more proud of the foundation we have built for the company and for America’s homeowners. Thank you to the Fannie Mae team, Chairman Pulte and all of our business partners. I am confident this experienced team will move forward and know the company will continue to achieve great things,” said Evans.
McCoy called working for the GSE “the privilege of a lifetime.”
She continued, “Helping American homeowners and renters find a place they can call home is truly rewarding work. I want to express my sincere gratitude to the Fannie Mae family, Chairman Pulte and all the people who make Fannie Mae great. I know the company has a bright future ahead of it.”
The change in leadership comes as Fannie Mae and Freddie Mac are reportedly set to go public by the end of 2025.
The changes also follow the departure of Priscilla Almodovar, who has been president and CEO of Fannie Mae since 2022. 8-K archiving on October 22, it was written that Almodovar has entered into an agreement and general release with Fannie Mae, which provides for her to receive: $1,200,000 (two years of her annual base salary); twelve months of subsidized medical and dental coverage; and six months of outplacement services.
“The agreement also provides that it releases certain claims against Fannie Mae, its subsidiaries, the conservator and other specified parties as set forth in the agreement,” the filing said.
