On February 9th, we have the distinct honor of hosting Mr. Tim J. Mayopoulos ’80, the President and Chief Executive Officer (CEO) of Fannie Mae for the distinguished speaker series. Tim started his career with investment banking and held positions with at Deutsche Bank, First Boston and Credit Suisse. He was Executive Vice President and General Counsel of Bank of America till 2009. Tim joined Fannie Mae shortly after that as General Counsel and was soon promoted to the role of CEO. Fannie Mae was placed in conservatorship during the financial crisis, and he has played an integral role in the successful recovery of the company.
As President and CEO, Tim is focused on sustaining Fannie Mae’s efforts to support the U.S. mortgage market and on driving the company’s contributions to creating a better housing finance system for the future. Under his leadership, Fannie Mae has made great strides in transferring credit risk to private capital to better protect taxpayers. Fannie Mae is committed to serving its customers and the market with solutions that promote sustainable homeownership. The company is creating new tools – and enhancing its existing foundational resources – to support lenders. Fannie Mae has also continued to play a major role in providing mortgage credit, assisting troubled homeowners, building a strong new book of business, and paying taxpayers for their investment in the company. As of September 30, 2016, Fannie Mae has paid dividends of $151.4 billion to the U.S. Treasury on its investment in the company.
Tim brings more than 25 years of experience to his leadership post. He is a graduate of Cornell University (1980) and the New York University School of Law. Mr. Mayopoulos serves on the Board of Directors of Science Applications International Corporation (SAIC), a technology and engineering company based in McLean, Virginia and the Lending Club, world’s largest peer-to-peer lending platform. We look forward to him sharing his formula for success in the industry.