other material
confidence high
sentiment neutral
materiality 0.15
Fannie Mae adopts annual board elections; FHFA re-elects all 13 directors
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- FHFA as conservator executed written consent on Dec 2, 2024 re-electing all 13 current directors.
- Directors will now serve one-year terms ending at next annual meeting, replacing prior three-year terms.
- Re-elected directors include CEO Priscilla Almodovar, Amy Alving, Christopher Brummer, and 10 others.
- CEO Almodovar's board service ends with her employment unless the Board requests otherwise.