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Fannie Mae taps Priscilla Almodovar as new CEO

Nearly six months after CEO Hugh Frater announced his resignation, Fannie Mae has found a permanent replacement. Priscilla Almodovar, the president and CEO of national housing nonprofit Enterprise Community Partners, will take the helm of the mortgage finance behemoth on Dec. 5.

David Benson will continue to serve as interim CEO until Almodovar takes the reins. Benson will remain the president of Fannie Mae.

Almodovar, a former managing director at JPMorgan Chase who co-led its real estate division for five years, has served as CEO of Enterprise Community details ⇒

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