Fannie Mae Senior Vice President Jake Williamson will fill in as the single-family division’s chief and Tom Klein will temporarily take on general counsel responsibilities as those who previously held the positions depart.
Executive Vice President Malloy Evans’ departure from the single-family post and Danielle McCoy’s exit as general counsel follow other changes at the top, including Chief Operating Officer Peter Akwaboah’s appointment as acting CEO and the addition of two co-presidents.
Williamson and Klein already have responsibilities central to the GSE’s role in the traditional mortgage industry. Bill Pulte, who chairs Fannie’s board and oversees its conservatorship, said that gives both the qualifications needed to provide continuity as others depart.
“Jake brings nearly two decades of leadership experience within Fannie Mae’s single-family business, where he has played a key role across servicing, risk management operations and analytics,” Pulte said in a press release.
Williamson is the SVP of single-family collateral risk. Klein is a deputy general counsel responsible for the capital markets portfolio, loan products and corporate tax strategy, which Pulte noted “are critical to the business.”
In a press statement, Evans said “I am confident in this experienced team moving forward and know the company will continue achieving great things.”
Evans has headed up Fannie’s single-family division since May 2021, and his time at Fannie goes back to April 2004, giving him experience with the Great Financial Crisis that served as a real-life stress test for the mortgage market, according to his LinkedIn profile.
“Serving Fannie Mae single-family over the years has been a true honor. I could not be more proud of the foundation we have laid for the company and for America’s homeowners,” he said in a press statement.
Williamson and McCoy joined Fannie in 2006, helping the enterprise navigate through the period of stress that forced it and another government-sponsored enterprise called Freddie Mac into conservatorship in 2008.
“Working for Fannie Mae has been the privilege of a lifetime,” McCoy said in a press statement.
The Trump administration has considered releasing the two GSEs that currently buy a large number of mortgages from conservatorship in the past, but currently appears more interested in investigating the possibility of retaining a stake in them and conducting a new stock offering.
In addition to releasing information about the changes at the top in the single-family division and general counsel’s office, Fannie noted in a Securities and Exchange Commission filing that new Brandon Hamara, one of its new co-presidents, will continue to serve on Fannie’s board.
Pulte, who heads the Federal Housing Finance Agency, has said in a social media post that the former Tri Pointe Homes executive will be playing a key role in a Trump administration plan to have Fannie and Freddie work with builders to produce more units at a lower cost.
Hamara will be serving as co-president alongside John Roscoe, who was the FHFA’s chief of staff during President Trump’s first term. He subsequently served as principal and CEO of North Star Navigators, where he provided business and regulatory advisory services to executives.
“We have not yet determined whether there are any transactions or relationships involving Mr. Roscoe or Mr. Hamara that are required to be disclosed,” Fannie said in the filing.