Scott Stowell brings nearly 40 years of U.S. homebuilding experience to Fannie Mae’s board, aiding efforts to expand access to mortgage credit and affordable housing.
Board chair Michael J. Heid commented on Stowell's appointment, emphasizing that his expertise will enhance Fannie Mae's initiatives in housing solutions.
CEO Priscilla Almodovar praised Scott's deep understanding of the homebuilding process, which is crucial as the U.S. faces supply and new construction challenges.
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