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Fannie Mae announced executive changes effective October 22, 2025. Priscilla Almodovar stepped down as President, CEO, and director. In connection with her departure, she will receive $1,200,000 (two years of base salary), twelve months of subsidized medical and dental coverage, and six months of outplacement services, along with a general release of claims.
Peter Akwaboah was appointed Acting CEO in addition to his COO role, subject to FHFA approval. John Roscoe and Brandon Hamara were appointed Co‑Presidents, also subject to FHFA approval, with Hamara continuing as a director. The company noted it will amend to provide any required Item 404(a) disclosures for Roscoe and Hamara once determined.