Mortgage giant has also appointed new co-presidents
Fannie Mae has revealed new changes to its top leadership team, handing current chief operating officer Peter Akwaboah the additional role of acting chief executive officer and naming two co-presidents.
The government-sponsored enterprise’s chairman of the board Bill Pulte said Wednesday that John Roscoe and Brandon Hamara had been appointed co-presidents, with Akwaboah stepping into the top role while Fannie searches for a permanent CEO.
The news marks the end of outgoing president and CEO Priscilla Almodovar’s surprisingly short time with the mortgage giant. The former JPMorgan Chase managing director, who took the role in May 2024, said in remarks accompanying Fannie’s news release that it had been the “privilege of a lifetime” to lead the GSE.
Pulte said having Akwaboah, Roscoe and Hamara in top positions meant Fannie now had “a deep bench of three experienced leaders at the top,” and would lead to “a safer, sounder Fannie Mae, all while growing our great Fortune 25 Company.”
We have promoted Peter to CEO and John and Brandon to Co-Presidents. Congrats to all! https://t.co/0puyhaK1Sp
— Pulte (@pulte) October 22, 2025
Michael Stucky, vice chairman of the board at Fannie, said the new leadership team was designed “to lead the company to increased safety and soundness and accelerated profitability.”
The reshuffle arrives with the Trump administration seemingly pushing ahead with plans to launch a public offering for Fannie and Freddie Mac, potentially by the end of the year.
Pulte said in an X post at the beginning of this week that Trump was weighing up an IPO of the GSEs, which entered conservatorship during the 2007-08 financial crisis.
“President Trump made the right decision not to take Freddie and Fannie public during his first term and is opportunistically evaluating an offering this time around, which could be as early as the end of 2025,” he wrote.
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
