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26 G O V E R N M E N T FREDDIE MAC ADDS WENDELL CHAMBLISS AS SVP, CHIEF DIVERSITY OFFICER Freddie Mac announced that Wendell Chambliss, a 20-year veteran of the company, has been appointed Senior VP and Chief Diversity and Inclusion Officer (CDIO). In this newly created role, Chambliss will be responsible for programs and initiatives to bring greater diversity, equity, and inclusion (DEI) to the company and housing industry. He will serve as a member of the company's senior operating committee and will report directly to Freddie Mac CEO Michael DeVito. Chambliss currently serves as VP and Deputy General Counsel for Mission, Strategic Business Advisory and Government Affairs within Freddie Mac's Legal Division. "Working at Freddie Mac has been nothing short of a privilege, and it is the honor of my career to help build upon the company's longstanding commitment to these vitally important issues.," Chambliss said. "I look forward to working with talented professionals across the company to serve our mission expansively and bring greater diversity, equity, and inclusion to our company, our partners and the industry as a whole." e newly created CDIO will advance DEI across three main pillars: workforce diversity, supplier diversity, and financial transactions. e CDIO will also oversee Freddie Mac's Office of Inclusive Engagement. While the company has had senior leadership in chief diversity roles since 2010, in September, Freddie Mac announced that the positions of Chief Human Resources Officer and Chief Diversity and Inclusion Officer would become two distinct roles reporting to the CEO. Doing so is designed to bring greater focus to the company's DEI efforts. "Wendell Chambliss' decades of experience at Freddie Mac uniquely position him to advance our commitment to diversity, equity, and inclusion across our workforce, our Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com. Fannie Mae has announced that CEO Hugh R. Frater announced his decision to retire and resign from the Board, to be replaced on an interim basis by current President David C. Benson in the role of Interim CEO and Board member, effective May 1, 2022, subject to final Federal Housing Finance Agency (FHFA) approval. Fannie Mae Board Chair Sheila C. Bair has also announced her decision to resign from her position, as of May 1, 2022. Michael J. Heid was unanimously elected to succeed her in her role as Board Chair. "Sheila has distinguished herself by her hard work, intelligence, and above all else, her passion for Fannie Mae's important mission. We thank her for her dedicated service and wish her well in her future endeavors," Frater said. "I also want to welcome Mike Heid as our new Chair and Dave Benson as my successor. Mike brings unrivaled knowledge of the mortgage markets, and commitment to our mission, vision, and leadership as we continue to provide equitable and sustainable access to affordable homeownership and rental housing. When I became CEO in 2019, I committed to the Board I would remain for three years, and it has been the privilege of a lifetime to lead this organization. Given the strides we have made on so many fronts, this is the right time to transition to a new CEO. Dave knows this company better than anyone else and will provide outstanding leadership, together with our new Board Chair Mike Heid, as the entire enterprise works together to build a more sustainable housing finance market that better serves people across America." e Board of Directors announced that it plans to conduct a national search for a permanent CEO. In addition to his current role as President, Benson leads Fannie Mae's Single-Family and Multifamily businesses, and will continue in that role. He has served in several executive positions during his 20 years at Fannie Mae, including EVP and CFO. He also serves on the Board of Managers of Common Securitization Solutions, a Fannie Mae and Freddie Mac joint venture. Bair is the former Chair of the Federal Deposit Insurance Corporation (FDIC) and Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. She joined Fannie Mae's Board in August 2019 and was elected Chair in November of 2020. Heid served as EVP of Home Lending for Wells Fargo & Company from 1997 to his retirement in January 2016. He served in several positions at Wells Fargo Home Mortgage, the mortgage banking division of Wells Fargo, including as President from 2011 to September 2015, as Co-President from 2004 to 2011, and earlier as CFO, and Head of Loan Servicing. He also currently serves on the Board of Roosevelt Management Company and the Advisory Board for Home Partners of America and Promontory MortgagePath. S P O T L I G H T P R O F I L E G O V E R N M E N T Fannie Mae CEO Frater to Retire, Board Chair Bair Resigns

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