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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 12 November 2025 M O V E R S & S H A K E R S Movers & Shakers Government FANNIE MAE RESHAPES EXECUTIVE TEAM: PETER AKWABOAH TO SERVE AS ACTING CEO Fannie Mae has announced new leadership roles for three key existing leaders at the GSE. "We are pleased to announce new leadership roles for three key senior executives, including Peter Akwaboah, Fannie Mae's current Chief Operating Officer, who has been appointed to the additional role of Acting CEO of Fannie Mae," said William J. Pulte, Fannie Mae Chairman of the Board. "Peter's deep operating background, as the former Morgan Stanley COO of Global Technology, makes him the perfect fit for the Acting CEO position while the Board conducts its search for a permanent CEO. With the addition of Peter as Acting CEO and John Roscoe and Brandon Hamara as Co-Presi- dents, we now have a deep bench of three experienced leaders at the very top of Fannie Mae. This means a safer, sounder Fannie Mae, all while growing our great Fortune 25 Company," Pulte continued. "At Fannie Mae, we are building a deep, focused, and operationally experienced leadership team, at the top, to lead the company to increased safety and soundness and accelerated prof- itability," said Michael Stucky, Fannie Mae Vice Chairman of the Board. Peter Akwaboah has over 30 years of financial services leadership expe- rience in operations, technology, and innovation at Morgan Stanley, Royal Bank of Scotland, Deutsche Bank, KPMG, and IBM. Peter will continue to oversee Fannie Mae's COO division and partner with Fannie Mae executives Brandon Hamara and John Roscoe. "Serving as President and CEO of Fannie Mae has been the privilege of a lifetime. Together, we have made Fannie Mae stronger than ever. I will be eternally grateful to the entire Fannie Mae family, our many partners, and Di- rector Pulte for the opportunity to lead this incredible organization that helps millions of American homeowners and renters access their American Dream," said Priscilla Almodovar, outgoing President and CEO. "We appreciate Priscilla Almodovar for her years of service to Fannie Mae, and we wish her great success in her next endeavor," said William J. Pulte, Chairman of Fannie Mae. All leadership roles are effective immediately. FANNIE MAE ANNOUNCES NEW ROLES FOR TWO LONG-TIME INDUSTRY VETERANS In a new release, it was announced that two seasoned Fannie Mae employees have been promoted to head the General Counsel's office and the Single-Family business. "We are pleased to announce the pro- motion of Fannie Mae seasoned veterans Jake Williamson to Acting Head of Single-Family and Tom Klein to Acting General Counsel," said William J. Pulte, Fannie Mae Chairman of the Board. "These highly respected leaders will help lead the company to increased safety and soundness and accelerated profitability." Chairman Pulte continued: "Jake brings nearly two decades of leader- ship experience within Fannie Mae's Single-Family business, where he has played a key role across servicing, risk management, operations, and analytics. As a current Deputy General Counsel, Tom's legal responsibilities include cor- porate tax strategy, mortgage products, and the capital markets portfolio—all of which are critical to the business." Lenders/Servicers ANNOUNCES KEY SENIOR LEADERSHIP CHANGES Bank of America announced key senior leadership changes as the country's second-largest bank by asset size looks to strengthen its global capabilities and enhance support for clients, shareholders, and communities. Brian Moynihan, CEO and Chairman for Bank of America, named Dean Athanasia and Jim De- Mare as Co-Presidents and appointed Alastair Borthwick as EVP and Chief Financial Officer (CFO). Athanasia and DeMare will oversee the company's eight lines of business, driving enterprise-wide initiatives to enhance long-term growth, returns, and operational excellence, the com- pany said. The existing business heads will continue in their roles. Borthwick, who has served as CFO for four years and expanded his respon- sibilities during that time, will continue to focus on financial strategy, investor relations, and global positioning. "Over the last 15 years, Dean and Jim have each served as leaders, strate- WILLIAMSON KLEIN DEMARE ATHANASIA