Priscilla Almodovar
Priscilla Almodovar | |
|---|---|
| CEO of Fannie Mae | |
| In office December 5, 2022 – October 22, 2025 | |
| Preceded by | David Benson (acting) |
| Succeeded by | Peter Akwaboah (acting) |
| President of Fannie Mae | |
| In office May 2024[1][2] – October 22, 2025[3] | |
| Preceded by | David Benson |
| Succeeded by | John Roscoe (Co-President), Brandon Hamara (Co-President) |
| Personal details | |
| Born | June 17, 1967 New York City, U.S. |
| Domestic partner | Eric R. Dinallo |
| Education | Hofstra University (BA) Columbia University (JD) |
Priscilla Almodovar is an American business executive, who was the chief executive of Fannie Mae from December 2022 to October 2025.[4][5]
Early life and education
Almodovar grew up in Sunset Park, Brooklyn and Freeport, Long Island.[6] She received a bachelor's degree from Hofstra University in 1987.[7] She then received a Juris Doctor from Columbia Law School.[8]
Career
Almodovar started her career at the New York-based law firm White & Case,[9] where she served as a corporate finance partner for 14 years.[10]
In 2005, she joined Eliot Spitzer's New York gubernatorial campaign as deputy policy director.[11] After the election, Almodovar took leadership of the New York State Housing Finance Agency and the State of New York Mortgage Agency.[12]
In 2010, Almodovar joined JPMorgan Chase as a managing director,[13] and went on to lead two business segments: community development banking and real estate banking.[14][15] In 2016, Affordable Housing Finance identified Almodovar as one of the most influential women in the real estate industry.[16]
Almodovar joined Enterprise Community Partners as its president and chief executive officer in 2019.[17] In 2020, she oversaw the creation of Enterprise's five-year, $3.5 billion affordable housing initiative.[5]
In February 2021, Almodovar joined the board of directors of Vereit, a Phoenix-based real estate investment trust.[18] In November 2021, Realty Income acquired Vereit, and Almodovar joined Reality Income's board.[19]
Almodovar became the chief executive officer of Fannie Mae in 2022.[20] She also joined the board of directors of the government-sponsored enterprise.[21] In 2024, Forbes included her on its Most Powerful Women list, noting that she was the "only Latina leading an S&P 500 company."[22] Fortune included her on its Most Powerful Women list that same year and the next.[23][24] She also assumed the additional title and capacities of president of Fannie Mae that year.[4] On October 22, 2025, Fannie Mae announced that Almodovar would be leaving Fannie Mae.[25]
Personal life
She is married to Eric Dinallo, New York State's superintendent of insurance from 2007 to 2010. They have two children.[10]
References
- ^ Kim, Connie (November 14, 2023). "Fannie Mae President David Benson to retire as GSE announces leadership changes". Housing Wire. Retrieved August 22, 2025.
- ^ "Most Powerful Women". Fortune. 2024. Archived from the original on January 8, 2025. Retrieved August 28, 2025.
- ^ "Fannie Mae Names Chief Operating Officer, Peter Akwaboah, to Acting CEO and Promotes John Roscoe and Brandon Hamara, to Co-Presidents". PR Newswire. October 22, 2025. Retrieved October 22, 2025.
- ^ a b Connie Kim (14 November 2023). "Fannie Mae President David Benson to retire as GSE announces leadership changes". HousingWire. Retrieved 28 April 2025.
- ^ a b Washington Post Live (14 December 2020). "The Future Reset: Closing the Racial Wealth Gap". The Washington Post. Retrieved 11 March 2022.
- ^ Finn, Robin (June 13, 2008). "How to Curb Big Builders' Big Appetites". Archived from the original on January 5, 2018. Retrieved March 1, 2022 – via NYTimes.com.
- ^ "Women in leadership group assemble to advise mentor and engage". Hofstra Magazine. September 14, 2006.
- ^ Oliver, David (February 27, 2025). "Priscilla Almodovar chats Fannie Mae, housing affordability, Donald Trump". USAToday.
- ^ Krechevsky, David (September 29, 2022). "Fannie Mae Names Almodovar Its New CEO". National Mortgage Professional.
- ^ a b Fund, United Hospital. "Priscilla Almodovar". United Hospital Fund.
- ^ Duran, Nicole (October 26, 2005). "Catalyst for Change". Roll Call.
- ^ Hakim, Danny (February 5, 2007). "No Calm, Just Storm in Spitzer's First Month". The New York Times. Retrieved May 2, 2025.
- ^ Brown, Eliot (January 11, 2010). "Almodovar, Departed State Housing Finance Chief, to JPMorgan". Observer Media. Retrieved May 2, 2025.
- ^ "JPMorgan names new real estate banking heads". Reuters. May 8, 2017.
- ^ Rothstein, Matthew (May 8, 2017). "JPMorgan Chase Names New Joint Heads Of Real Estate Lending". Reuters.
- ^ Kimura, Donna; Serlin, Christine (March 14, 2016). "Affordable Housing's Influential Women". Affordable Housing Finance.
- ^ Serlin, Christine (June 19, 2019). "Almodovar Named CEO of Enterprise Community Partners". Affordable Housing Finance. Retrieved May 2, 2025.
- ^ "Form 8-K". Fanne Mae. September 28, 2022.
She previously served on the Board of Directors and Audit Committee of VEREIT, Inc., which was acquired by Realty Income, Inc., from February to November 2021.
- ^ Carter, Matt (September 29, 2022). "Fannie Mae looks to affordable housing nonprofit for next CEO". Inman News.
Almodovar has served on the board of directors of Realty Income Inc., a publicly-traded real estate investment trust (REIT), since November 2021, when Realty Income acquired another company on whose board she served, VEREIT Inc.
- ^ "Fannie Mae names former JPMorgan MD Priscilla Almodovar as new CEO". Reuters. September 29, 2022. Retrieved May 2, 2025.
- ^ "Almodovar Named CEO of Fannie Mae". Affordable Housing Finance. November 29, 2022.
- ^ "The World's Most Powerful Women 2024: Inside The Real Power Shift". Forbes. December 11, 2024. Retrieved May 2, 2025.
- ^ "Most Powerful Women". Fortune. 2024. Retrieved June 23, 2025.
- ^ "Most Powerful Women". Fortune. 2025. Retrieved June 23, 2025.
- ^ Hamilton, Katherine (2025-10-22). "Fannie Mae CEO Exits as Trump Considers IPO". The Wall Street Journal. Retrieved 2025-10-26.