David Benson returns to Fannie Mae as senior adviser

"Federal Housing Finance Agency (FHFA) Director Bill Pulte announced Benson's return on Tuesday evening in a post on X ahead of Fannie's Wednesday morning earnings call. In a separate post, Pulte wrote, I've long heard of David Benson's business prowess at Fannie Mae. As we build a world class, deep bench, it only made sense for him to RETURN. Sometimes the best times are in the return."

"On Oct. 22, it was announced that CEO Priscilla Almodovar would step down and that chief operating officer Peter Akwaboah would serve as acting CEO while the company searches for a permanent chief executive. It was not made clear whether Almodovar is retiring, resigning or being removed. In addition, Fannie Mae executives Brandon Hamara and John Roscoe were promoted to the roles of co-presidents."

Bill Pulte of the FHFA announced David Benson's return to Fannie Mae in an X post before Fannie Mae's earnings call, praising Benson's business prowess. Benson's return coincides with expectations that Fannie Mae and Freddie Mac could exit federal conservatorship by late 2025 or early 2026. Reports and social-media posts have suggested a potential initial public offering and market listing. Fannie Mae is implementing operational changes: CEO Priscilla Almodovar will step down, COO Peter Akwaboah will serve as acting CEO, and Brandon Hamara and John Roscoe were named co-presidents. Jake Williamson and Tom Klein will lead the single-family business and general counsel's office.

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