Tag Archives: Priscilla Almodovar

Fannie Mae lays off 100 workers citing unethical conduct

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Fannie Mae has confirmed the dismissal of over 100 employees in connection with a fraud scheme aimed at its charitable matching program. Continue reading →

Pulte chair of Fannie, Freddie after 14 board members are purged

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Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion launches campaign focused on making homebuying more affordable by cutting alleged wasteful spending at the mortgage giants. Continue reading →

Fannie Mae and Freddie Mac’s net worths climb past $154B

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While plans to privatize the mortgage giants are on the back burner, Trump administration may impose limits on how much support the mortgage giants can provide to riskier borrowers. Continue reading →

Falling rates help boost Fannie and Freddie loan volumes, net worths

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Mortgage giants Fannie Mae and Freddie Mac provided backing for $164 billion in purchase mortgages in Q3, up 10 percent from Q2, while growing combined net worths to $147 billion. Continue reading →

Mortgage industry vet Diana Reid is first woman to lead Freddie Mac

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With former JP Morgan Chase Director Priscilla Almodovar serving as Fannie Mae’s CEO since 2022, both mortgage giants are now led by women for the first time in history. Continue reading →

Fannie Mae, Freddie Mac boost profits in Q2 despite a slow spring

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Mortgage giants Fannie Mae and Freddie Mac continued to grow their net worth as firm home prices and low default rates allowed them to release billions of dollars previously reserved for losses. Continue reading →

Fannie and Freddie boost profits even as mortgage business tanks

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The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years. Continue reading →

Fannie and Freddie keep building capital reserves as profits shrink

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By one measure, the mortgage giants have built up two-thirds of the reserves needed for them to be released from government conservatorship. Continue reading →

Fannie Mae looks to affordable housing nonprofit for next CEO

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Former JP Morgan Chase Director Priscilla Almodovar leads Enterprise Community Partners, which has business ties to the mortgage giant. Continue reading →