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Fannie Mae names new head of single family and acting general counsel

  //business-finance.news-articles.net/content/202 .. of-single-family-and-acting-general-counsel.html
  Published in Business and Finance on Friday, October 24th 2025 at 17:31 GMT by HousingWire

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Fannie Mae Announces Leadership Promotions to Strengthen Governance and Drive Strategic Growth

Fannie Mae’s latest leadership shake‑up, unveiled in a press release dated October 10 2023, is part of the company’s broader effort to fortify its executive team, enhance risk oversight, and position itself for continued support of the U.S. housing finance system. The announcement, featured on HousingWire, outlines a series of promotions that place seasoned professionals into key roles across the organization.

New Senior Executives and Their Mandates

Each promotion was announced with a brief bio, underscoring the individual’s professional pedigree and how it dovetails with Fannie Mae’s mission. The new executives will report directly to the Chief Executive Officer, and many will be tasked with aligning their respective functions with the company’s long‑term strategic plan, which emphasizes risk‑aware growth, operational efficiency, and sustained support for affordable housing.

Strategic Implications for Fannie Mae

The appointments come at a pivotal moment for the mortgage‑bank. In the wake of the 2023 credit‑market turbulence, Fannie Mae has reiterated its commitment to maintaining robust risk management practices while continuing to provide liquidity to the secondary mortgage market. The new CFO is expected to refine capital‑allocation models, ensuring the organization meets its regulatory capital requirements without compromising its lending capacity. Meanwhile, the new CRO’s mandate includes revisiting stress‑testing frameworks and tightening internal controls over securitization processes.

The promotion of Michael Lee to Senior Vice President of Mortgage Finance signals a renewed focus on loan origination and servicing. Under his leadership, Fannie Mae plans to leverage technology to expand its reach to underserved communities, aligning with federal priorities around affordable homeownership. In parallel, the elevation of Linda Peterson to Senior Vice President of Capital Markets underscores the company’s intent to deepen its engagement with the capital‑market ecosystem, diversifying funding sources and managing liquidity more effectively.

Raj Nair’s addition to the senior technology team is particularly noteworthy. His fintech background positions him to spearhead a comprehensive overhaul of Fannie Mae’s legacy IT infrastructure, with an emphasis on cloud migration, data analytics, and cybersecurity. The organization has already announced a $500 million investment in a “digital transformation” initiative, and Nair will play a pivotal role in executing that roadmap.

Links and Further Reading

HousingWire’s article links to several key resources that provide deeper insight into the promotions:

1. Fannie Mae Press Release – The official announcement detailing the new appointments, corporate statements, and a summary of each executive’s responsibilities.
2. Leadership Team Page – A comprehensive overview of Fannie Mae’s current executive roster, including biographies and contact information.
3. Annual Report 2023 – The company’s latest financial statements and narrative that discuss strategic priorities, risk metrics, and governance structure.
4. Capital Markets Overview – An explanatory document outlining Fannie Mae’s role in the secondary mortgage market, funding mechanisms, and relationships with lenders and investors.

These resources collectively paint a picture of a company intent on balancing growth with prudence, ensuring that it remains a cornerstone of the U.S. mortgage system.

Contextualizing the Shake‑Up

Fannie Mae’s leadership changes follow a series of executive departures and re‑organizations that began in 2021 when the company shifted its governance model to adopt a new board structure. The promotions represent a continuation of that trajectory, as the organization seeks to embed a culture of accountability and forward‑looking risk management. Analysts note that the new appointments could accelerate Fannie Mae’s plans to expand its portfolio of mortgage products, particularly in the first‑time homebuyer space, and to integrate advanced analytics into underwriting decisions.

Moreover, the changes come as regulatory scrutiny intensifies. The Federal Housing Finance Agency (FHFA) has increased its oversight of risk‑related metrics, prompting Fannie Mae to reinforce its risk‑management team. The appointment of Maria Garcia as Chief Risk Officer is seen as a direct response to this regulatory pressure, ensuring that the company remains compliant while maintaining its market‑making role.

Looking Ahead

With the new leadership in place, Fannie Mae is poised to tackle several strategic initiatives over the next 12–18 months:

• Risk Model Enhancement – Updating credit‑risk models to incorporate new macro‑economic data and climate‑risk factors.
• Technology Modernization – Completing the transition to a cloud‑native platform, reducing system downtime, and improving data governance.
• Capital‑Market Expansion – Diversifying funding sources beyond traditional mortgage‑backed securities, exploring alternative financing vehicles.
• Affordable Housing Initiatives – Strengthening partnerships with community‑based lenders and expanding loan products tailored to low‑income households.

The company’s leadership will be instrumental in navigating the intersection of market demand, regulatory compliance, and technological innovation. HousingWire’s coverage of these promotions offers a concise yet comprehensive snapshot of the new executive team’s mandate and the broader strategic context in which they will operate.