Fannie Mae announced that it has appointed Priscilla Almodovar as Chief Executive Officer (CEO) effective December 5, 2022. Almodovar will succeed David C. Benson, who has served as Interim CEO since May 2022. After her arrival, Benson will continue in his role as President.

Almodovar brings more than 30 years of experience in finance, real estate, and community development across a number of institutions and organizations. Since 2019, she has served as President and CEO of Enterprise Community Partners, a national organization focused on increasing the supply of affordable housing, advancing racial equity, and supporting residents and communities. Prior to her role as President and CEO of Enterprise Community Partners, Almodovar worked for nearly a decade at JPMorgan Chase and led two of the firm's national real estate businesses; most recently, as Managing Director, Co-Head of Real Estate Banking where she served national and regional real estate developers, investors, owners, and investment funds.

Earlier in her career, she was President and CEO at New York State Housing Finance Agency, State of New York Mortgage Agency, and Affordable Housing Corporation. She started her career at White & Case LLP, where she was named an equity partner. Almodovar is a Board member of Realty Income.

She is often featured in the media and has been named to Fortune's "50 Most Powerful Latinas" and Hispanic Business' "100 Most Influential Hispanics." She earned her bachelor's degree from Hofstra University and her Juris Doctor from Columbia University School of Law.