Fannie Mae Appoints Former Homebuilding Industry Executive Scott D. Stowell to its Board of Directors

    Date:

    WASHINGTON, Nov. 7, 2024 /PRNewswire/ — Fannie Mae FNMA today 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.

    (PRNewsfoto/Fannie Mae)

    “We are pleased to welcome Scott to Fannie Mae’s Board of Directors,” said Michael J. Heid, Chair of the Board. “His leadership and guidance, especially from the homebuilding perspective, will be invaluable as Fannie Mae continues to create innovative solutions to help address today’s housing challenges.”  

    “Scott’s extensive industry knowledge will complement our dynamic and talented Board of Directors,” said Priscilla Almodovar, President and Chief Executive Officer, Fannie Mae. “With broad expertise across the residential spectrum, including single-family homes, mixed-use communities, and projects meeting local governments’ affordability requirements, we will benefit from Scott’s deep understanding of the homebuilding process as lack of supply and new construction issues persist in the U.S. housing market.”

    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.

    About Fannie Mae

    Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:

    fanniemae.com | X (formerly Twitter) | Facebook | LinkedIn | Instagram | YouTube | Blog

    Fannie Mae Newsroom

    https://www.fanniemae.com/news

    Photo of Fannie Mae

    https://www.fanniemae.com/resources/img/about-fm/fm-building.tif

    Fannie Mae Resource Center

    1-800-2FANNIE (800-232-6643)

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fannie-mae-appoints-former-homebuilding-industry-executive-scott-d-stowell-to-its-board-of-directors-302299370.html

    SOURCE Fannie Mae

    Market News and Data brought to you by Benzinga APIs

    Go Source

    Chart

    SignUp For Breaking Alerts

    New Graphic

    We respect your email privacy

    Share post:

    Popular

    More like this
    Related

    Algorithmic Trading: What it is, How to Start, Strategies, and More – Part II

    Learn about Algo Trading Strategies with Part I. How to...

    Today It’s the FOMC’s Turn

    Like them or not, the folks at the Federal...

    StockTok: Trump Media shares in focus following election win, M&A speculation

    Recapping Meta’s third quarter results, Apple mulls smart glasses...

    Chart Advisor: Palantir Outperformance

    From SIA Charts 1/ Palantir Technologies Inc. (PLTR) 2/ Index Report 3/ Point...