Fannie Mae CEO Priscilla Almodovar departs; Peter Akwaboah named acting CEO

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE

Priscilla Almodovar stepped down as President, CEO, and Board member on Oct 22, 2025; receives $1.2M severance plus 12 months benefits.
Peter Akwaboah (COO since May 2024) appointed Acting CEO, subject to FHFA approval; has ~30 yrs financial services experience.
John Roscoe (EVP Operations since Apr 2025) and Brandon Hamara (SVP, Board member) named Co-Presidents, subject to FHFA approval.
Hamara joined Fannie Mae in Oct 2025 from Tri Pointe Homes; served on Freddie Mac board until Oct 2025.
Akwaboah previously was Managing Director at Morgan Stanley (2015-2024) and COO of Technology.

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