Fannie Mae has promoted two long-time veterans to lead the single-family business and general counsel's office, having named Jake Williamson as its new acting head of single-family and Tom Klein to the role of acting general counsel.
"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,” said William J. Pulte, Fannie Mae chairman of the board. “As a current deputy general counsel, Tom's legal responsibilities include corporate tax strategy, mortgage products, and the capital markets portfolio 一 all of which are critical to the business.”
Williamson will replace Malloy Evans, outgoing Fannie Mae head of single-family, while Klein will replace Danielle McCoy, outgoing Fannie Mae general counsel. In his new role, Williamson will report to Co-President Brandon Hamara, and Klein will report to Acting CEO and COO Peter Akwaboah.
"We greatly appreciate Malloy and Danielle for their years of service to Fannie Mae. We wish them both all the best in their future endeavors," said Pulte.
Acting head of single-family Williamson previously served as senior vice president for single-family collateral risk at Fannie Mae, and is known for his strategic vision and dedication to operational excellence. Jake has consistently championed process innovation and efficiency over his nearly 20 years at Fannie Mae. His work has been instrumental in advancing solutions that address the nation's affordable housing supply 一 an area central to Fannie Mae's mission.
"Serving Fannie Mae single-family over the years has been a true honor,” said Evans. “I could not be more proud of the foundation we have laid for the company and for America's homeowners. Thank you to the Fannie Mae team, Chairman Pulte, and all of our business partners. I am confident in this experienced team moving forward and know the company will continue achieving great things.”
Klein has served in legal leadership roles at Fannie Mae for 20 years, most recently as Fannie Mae Enterprise deputy general counsel. He has been responsible for providing counsel on a wide range of matters at Fannie Mae, including corporate tax returns, compensation practices, employee benefits, asset holdings, debt and equity issuances, derivative transactions, mortgage products, mortgage-backed securities, and structured transactions.
"Working for Fannie Mae has been the privilege of a lifetime. Helping American homeowners and renters find a place to call home is truly rewarding work,” added McCoy. “I want to express my sincere gratitude for the Fannie Mae family, Chairman Pulte, and all of the people that make Fannie Mae great. I know the company has a bright future ahead.”
The promotion of Williamson and Klein follows last week’s announcement by Fannie Mae naming Akwaboah acting chief executive officer, replacing outgoing President and CEO Priscilla Almodovar. In addition to Akwaboah being named acting CEO, John Roscoe and Brandon Hamara were named co-presidents of Fannie Mae.
"Elevating experienced and trusted leaders like Jake and Tom to these roles will help us quickly build upon our rock-solid foundation. I look forward to working with them," said Akwaboah.
