Board of Directors

Under the leadership of a board of directors, Fannie Mae strives to fulfill its public mission of supporting affordable homeownership and rental housing in the United States.

On September 6, 2008, the Director of U.S. Federal Housing (FHFA) appointed FHFA as our conservator in accordance with the Federal Housing Finance Regulatory Reform Act of 2008. As conservator, FHFA succeeded to all rights, titles, powers, and privileges of Fannie Mae, and of any shareholder, officer, or director of Fannie Mae with respect to Fannie Mae and its assets. As a result, our Board of Directors no longer had the power or duty to manage, direct, or oversee our business and affairs.

As conservator, FHFA reconstituted our Board of Directors and delegated specified authorities to it. Our directors serve on behalf of the conservator and exercise their authority as directed by and with the approval, where required, of the conservator.

Our board is currently made up of nine members. By Charter, our Board shall consist of 13 persons, or such other number that the Director of FHFA determines appropriate. FHFA has directed that our board will have a minimum of five and not more than 13 directors.

The current Board of Directors of Fannie Mae consists of:

• William J. Pulte, Chair
• Michael Stucky, Vice Chair
• Priscilla Almodovar
• Renée L. Glover
• Clinton Jones
• Karin J. Kimbrough
• Omeed Malik
• Manuel “Manolo” Sánchez Rodríguez
• Scott D. Stowell