Fannie Mae announced Scott D. Stowell has been appointed to its Board of Directors. Mr. Stowell brings nearly 40 years of experience in the U.S. homebuilding industry to Fannie Mae's accomplished and diverse Board, which guides the company's efforts to responsibly expand access to mortgage credit and finance quality, affordable rental housing. Mr. Stowell is the Founder, CEO, and President of Capital Thirteen LLC, an advisory, real estate investment, and angel investing company. Mr. Stowell currently sits on the Board of Directors at Toll Brothers, Pacific Mutual Holding Company, and HomeAid America, a non-profit organization whose mission is to help people experiencing or at risk of homelessness build new lives through construction, community engagement, and education.
Mr. Stowell held various roles at Standard Pacific Homes from 1986 to 2015, advancing through the company to serve as CEO beginning in 2012. Upon the creation of CalAtlantic Group Inc. in 2015, the result of the merger of Standard Pacific Homes and the Ryland Group, Mr. Stowell served as the Executive Chairman of CalAtlantic Group Inc. After CalAtlantic merged with the Lennar Corporation in 2018, Mr. Stowell served on the Lennar Corporation Board of Directors until 2021.