People: Federal National Mortgage Association Fannie Mae (FNMA.OB)
FNMA.OB on OTC BB
2.97USD
24 May 2013
2.97USD
24 May 2013
Price Change (% chg)
$0.87 (+41.43%)
$0.87 (+41.43%)
Prev Close
$2.10
$2.10
Open
$2.26
$2.26
Day's High
$3.15
$3.15
Day's Low
$2.20
$2.20
Volume
156,201,349
156,201,349
Avg. Vol
36,501,992
36,501,992
52-wk High
$3.15
$3.15
52-wk Low
$0.20
$0.20
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Philip Laskawy |
72 | 2008 | Non-Executive Independent Chairman of the Board |
Timothy Mayopoulos |
54 | 2012 | President, Chief Executive Officer, Director |
David Benson |
53 | 2013 | Chief Financial Officer, Executive Vice President |
John Nichols |
51 | 2011 | Chief Risk Officer, Executive Vice President |
Bradley Lerman |
56 | 2012 | Executive Vice President, General Counsel, Secretary |
Andrew Bon Salle |
47 | 2013 | Executive Vice President - Single-Family Underwriting, Pricing & Capital Markets |
Terence Edwards |
57 | 2009 | Executive Vice President - Credit Portfolio Management |
Pascal Boillat |
46 | 2012 | Senior Vice President, Head - Operations and Technology |
Jeffery Hayward |
57 | 2012 | Senior Vice President, Head - Multifamily |
Zachary Oppenheimer |
53 | 2011 | Senior Vice President, Head - Customer Engagement |
William Forrester |
64 | 2008 | Independent Director |
Brenda Gaines |
63 | 2006 | Independent Director |
Charlynn Goins |
70 | 2008 | Independent Director |
Frederick Harvey |
64 | 2008 | Independent Director |
Robert Herz |
59 | 2011 | Independent Director |
Egbert Perry |
57 | 2008 | Independent Director |
Jonathan Plutzik |
58 | 2009 | Independent Director |
David Sidwell |
60 | 2008 | Independent Director |
Biographies
| Name | Description |
|---|---|
Philip Laskawy |
Mr. Philip A. Laskawy is Non-Executive Independent Chairman of the Board of Federal National Mortgage Association. He retired from Ernst & Young in September 2001, after having held several positions during his employment there from 1961 to 2001, including serving as Chairman and Chief Executive Officer from 1994 until his retirement in September 2001. Mr. Laskawy currently serves on the Boards of Directors of General Motors Company, Henry Schein, Inc., Lazard Ltd. and Loews Corporation. He serves as a member of the Finance Committee at General Motors Company. At Henry Schein, Inc., he serves as Lead Director, Chair of the Nominating and Governance Committee, a member of the Audit Committee and a member of the Strategic Advisory Committee. He is Chair of the Compensation Committee and a member of the Audit Committee at Lazard Ltd. At Loews Corporation, he is a member of the Audit Committee. Mr. Laskawy previously was a member of the Board of Directors of Discover Financial Services from June 2007 through September 2008. Mr. Laskawy initially became a director and Chairman of Fannie Mae’s Board in September 2008. Mr. Laskawy is Chair of the Executive Committee and a member of the Strategic Initiatives Committee. |
Timothy Mayopoulos |
Mr. Timothy J. Mayopoulos is President, Chief Executive Officer, Director of Federal National Mortgage Association. He previously served as Fannie Mae’s Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary from September 2010 to June 2012, and as Fannie Mae’s Executive Vice President, General Counsel and Corporate Secretary from April 2009 to September 2010. Before joining Fannie Mae, Mr. Mayopoulos was Executive Vice President and General Counsel of Bank of America Corporation from 2004 to 2008. He was Managing Director and General Counsel, Americas of Deutsche Bank AG’s Corporate and Investment Bank from 2002 to 2004. He was Managing Director and Senior Deputy General Counsel, Americas of Credit Suisse First Boston from 2000 to 2001, and Managing Director and Associate General Counsel of Donaldson, Lufkin & Jenrette, Inc. from 1996 to 2000. Mr. Mayopoulos was previously in private law practice at Davis Polk & Wardwell and served in the Office of the Independent Counsel during the Whitewater investigation. Mr. Mayopoulos has been a Fannie Mae director since June 2012. He is a member of the Executive Committee. |
David Benson |
Mr. David C. Benson is Chief Financial Officer, Executive Vice President of Federal National Mortgage Association, since April 3, 2013. He was Executive Vice President—Capital Markets, Securitization & Corporate Strategy since September 2012. Mr. Benson previously served as Fannie Mae’s Executive Vice President—Capital Markets from April 2009 to September 2012. He also served as Treasurer from June 2010 to January 2012. Mr. Benson previously served as Fannie Mae’s Executive Vice President—Capital Markets and Treasury from August 2008 to April 2009, as Fannie Mae’s Senior Vice President and Treasurer from March 2006 to August 2008, and as Fannie Mae’s Vice President and Assistant Treasurer from June 2002 to February 2006. Prior to joining Fannie Mae in 2002, Mr. Benson was Managing Director in the fixed income division of Merrill Lynch & Co. From 1988 through 2002, he served in several capacities at Merrill Lynch in the areas of risk management, trading, debt syndication and e-commerce based in New York and London. |
John Nichols |
Mr. John R. Nichols is Chief Risk Officer, Executive Vice President of Federal National Mortgage Association. Mr. Nichols previously served as Fannie Mae’s Senior Vice President and Interim Chief Risk Officer from March 2011 to August 2011. He also served as Fannie Mae’s Senior Vice President and Capital Markets Chief Risk Officer from November 2010 to June 2011. Prior to joining Fannie Mae, Mr. Nichols was Managing Director for BlackRock from February 2005 to October 2010. |
Bradley Lerman |
Mr. Bradley E. Lerman is Executive Vice President, General Counsel, Secretary of Federal National Mortgage Association since October 2012. Prior to joining Fannie Mae, Mr. Lerman was Senior Vice President and Head of Litigation at Pfizer, Inc. from January 2009 to September 2012. He was previously a partner at the law firm of Winston & Strawn LLP from August 1998 to January 2009. |
Andrew Bon Salle |
Mr. Andrew J. Bon Salle is Executive Vice President - Single-Family Underwriting, Pricing & Capital Markets of Federal National Mortgage Association, since April 3, 2013. He was Senior Vice President and Head of Underwriting and Pricing since May 2011. Mr. Bon Salle previously served as Fannie Mae’s Senior Vice President—Capital Markets from March 2006 to May 2011, and as Fannie Mae’s Vice President—Portfolio Management from November 2000 to February 2006. Mr. Bon Salle held the positions of Director, Finance from December 1996 to November 2000 and of Manager, Early Funding Programs from March 1994 to December 1996. Mr. Bon Salle joined Fannie Mae in September 1992 as a senior capital markets analyst. |
Terence Edwards |
Mr. Terence W. Edwards is Executive Vice President - Credit Portfolio Management of Federal National Mortgage Association., since September 14, 2009. Prior to joining Fannie Mae, Mr. Edwards served as the President and Chief Executive Officer of PHH Corporation, an outsource provider of mortgage and fleet management services, from January 2005 to June 2009. Mr. Edwards was also a member of the Board of Directors of PHH Corporation from January 2005 through June 2009. Prior to PHH Corporation’s spin-off from Cendant Corporation (now known as Avis Budget Group, Inc.) in January 2005, Mr. Edwards served as President and Chief Executive Officer of Cendant Mortgage Corporation (now known as PHH Mortgage Corporation), a subsidiary of Cendant Corporation, beginning in February 1996. Mr. Edwards had previously served in other executive roles at PHH Corporation, which he joined in 1980. |
Pascal Boillat |
Mr. Pascal Boillat is Senior Vice President, Head - Operations and Technology of Federal National Mortgage Association since August 2012. He began acting as Head of Operations and Technology in July 2012. Mr. Boillat previously served as Fannie Mae’s Senior Vice President and Chief Information Officer from October 2009 to July 2012. Prior to joining Fannie Mae, Mr. Boillat was Managing Director of Operations Technology at Citigroup from September 2004 to October 2009. |
Jeffery Hayward |
Mr. Jeffery R. Hayward is Senior Vice President, Head - Multifamily of Federal National Mortgage Association since January 2012. Mr. Hayward has served in various roles at Fannie Mae for over 25 years. He previously served as Fannie Mae’s Senior Vice President—National Servicing Organization from April 2010 to January 2012. He also served as Senior Vice President of Community Lending in Fannie Mae’s Multifamily division from May 2004 to April 2010. Prior to that time, Mr. Hayward served as both a Senior Vice President and a Vice President in Fannie Mae’s Single-Family division, including as Senior Vice President in the National Business Center from November 2001 to May 2004, as Vice President for Single-Family Business Strategy from November 1999 to November 2001, as Vice President for Asset Management Services from August 1998 to November 1999 and as Vice President for Quality Control and Operations from January 1996 to August 1998. Mr. Hayward also served as Vice President for Risk Management from June 1993 to January 1996. Before that, he served as Director, Loan Acquisition from October 1992 to June 1993, as Director, Marketing from December 1989 to September 1992, and as Senior Negotiator from July 1988 to December 1989. Mr. Hayward joined the company in April 1987 as a senior MBS representative. |
Zachary Oppenheimer |
Mr. Zachary Oppenheimer is Senior Vice President, Head - Customer Engagement of Federal National Mortgage Association, since May 2011. Mr. Oppenheimer previously served as Fannie Mae’s Senior Vice President and Chief Acquisition Officer from August 2009 to May 2011, and as Senior Vice President, Single-Family Mortgage Business from November 1998 through August 2009. Mr. Oppenheimer was Vice President of Marketing from April 1991 through November 1998. He held the positions of Director, Sales and Marketing from June 1988 to April 1991, of Director, MBS from May 1987 to June 1988, of MBS Manager from August 1985 to May 1987, and of Senior Sales Representative from October 1984 to August 1985. Mr. Oppenheimer joined Fannie Mae in August 1983 as an associate quality control representative. |
William Forrester |
Mr. William Thomas Forrester is Independent Director of Federal National Mortgage Association. He served as Chief Financial Officer of The Progressive Corporation from 1999 until his retirement in March 2007, and served in a variety of senior financial and operating positions with Progressive prior to that time. Prior to joining The Progressive Corporation in 1984, Mr. Forrester was with Price Waterhouse LLP, a public accounting firm, from 1976 to 1984. Mr. Forrester is currently a member of the Board of Directors of Alterra Capital Holdings Limited, where he serves on the Audit and Risk Management Committee and the Underwriting Committee. He previously was a member of the Board of Directors of The Navigators Group, Inc. from December 2006 to May 2012, where he served as Chairman of the Audit Committee and also as a member of the Finance and Compensation Committees. Mr. Forrester has been a Fannie Mae director since December 2008. Mr. Forrester serves as Chair of the Audit Committee and is also a member of the Nominating & Corporate Governance Committee, the Strategic Initiatives Committee and the Executive Committee. |
Brenda Gaines |
Ms. Brenda J. Gaines is Independent Director of Federal National Mortgage Association. She served as President and Chief Executive Officer of Diners Club North America, a subsidiary of Citigroup, from October 2002 until her retirement in April 2004. She served as President, Diners Club North America, from February 1999 to September 2002. From 1988 until her appointment as President, she held various positions within Diners Club North America, Citigroup and Citigroup’s predecessor corporations. She also served as Deputy Chief of Staff for the Mayor of the City of Chicago from 1985 to 1987 and as Chicago Commissioner of Housing from 1983 to 1985. Ms. Gaines also has over 12 years of experience with the Department of Housing and Urban Development, including serving as Deputy Regional Administrator from 1980 to 1981. Ms. Gaines is currently a member of the Board of Directors of Office Depot, Inc., where she serves as a member of both the Audit Committee and the Corporate Governance and Nominating Committee. Ms. Gaines is also a member of the Board of Directors of AGL Resources Inc., where she serves as a member of both the Audit Committee and the Nominating, Governance and Corporate Responsibility Committee, and Tenet Healthcare Corporation, where she serves as a member of both the Compensation Committee and the Quality, Compliance & Ethics Committee. She previously was a member of the Board of Directors of NICOR, Inc. from April 2006 to December 2011, where she served on the Corporate Governance Committee. Ms. Gaines initially became a Fannie Mae director in September 2006. Ms. Gaines serves as Chair of the Compensation Committee and is also a member of the Audit Committee and the Executive Committee. |
Charlynn Goins |
Ms. Charlynn Goins is Independent Director of Federal National Mortgage Association. She served as Chairperson of the Board of Directors of New York City Health and Hospitals Corporation from June 2004 to October 2008. She also served on the Board of Trustees of The Mainstay Funds, from June 2001 through July 2006 and on the Board of Directors of The Community’s Bank from February 2001 through June 2004. Ms. Goins also was a Senior Vice President of Prudential Financial, Inc. (formerly, Prudential Securities, Inc.) from 1990 to 1997. Ms. Goins serves as the Chairperson of the New York Community Trust. She also previously served as a director of AXA Financial Inc. from September 2006 to December 2012, where she served as a member of the Organization and Compensation Committee. Ms. Goins is an attorney. Ms. Goins has been a Fannie Mae director since December 2008. Ms. Goins serves as Chair of the Nominating & Corporate Governance Committee and is also a member of the Executive Committee. |
Frederick Harvey |
Mr. Frederick Barton Harvey, III., is Independent Director of Federal National Mortgage Association. He retired in March 2008 from his role as chairman of the Board of Trustees of Enterprise Community Partners and Enterprise Community Investment. Mr. Harvey was Enterprise’s chief executive officer from 1993 to 2007. He joined Enterprise in 1984, and a year later became vice chairman. Before joining Enterprise, Mr. Harvey served for 10 years in various domestic and international positions with Dean Witter Reynolds (now Morgan Stanley), leaving as Managing Director of Corporate Finance. Mr. Harvey was a member of the Board of Directors of the Federal Home Loan Bank of Atlanta from 1996 to 1999, a director of the National Housing Trust from 1990 to 2008, and also served as an executive committee member of the National Housing Conference from 1999 to 2008. Mr. Harvey initially became a Fannie Mae director in August 2008. Mr. Harvey serves as a member of the Nominating & Corporate Governance Committee, the Risk Policy & Capital Committee, and the Strategic Initiatives Committee. |
Robert Herz |
Mr. Robert H. Herz is Independent Director of Federal National Mortgage Association. Mr. Herz serves as President of Robert H. Herz LLC, providing consulting services on financial reporting and other matters. He also serves as a senior advisor to and as a member of the Advisory Board of WebFilings LLC, a provider of financial reporting software. From July 2002 to September 2010, Mr. Herz was Chairman of the Financial Accounting Standards Board, or FASB. He was also a part-time member of the International Accounting Standards Board, or IASB, from January 2001 to June 2002. He was a partner in PricewaterhouseCoopers LLP from 1985 until his retirement in 2002. He serves on the Accounting Standards Oversight Council of Canada, as a member of the Standing Advisory Group of the Public Company Accounting Oversight Board, as a member of the Advisory Council of the Sustainability Accounting Standards Board, on the Leadership Board of the Manchester Business School in England, on the Advisory Council of AccountAbility.org, as Trustee of the Kessler Foundation, and as an executive in residence at the Columbia Business School. Mr. Herz is currently a member of the Board of Directors of Morgan Stanley, where he serves as a member of the Audit Committee. Mr. Herz has been a Fannie Mae director since June 2011. Mr. Herz serves as a member of the Audit Committee, the Nominating & Corporate Governance Committee, and the Strategic Initiatives Committee. |
Egbert Perry |
Mr. Egbert L.J. Perry is Independent Director of Federal National Mortgage Association. He is the Chairman and Chief Executive Officer of The Integral Group LLC. Founded in 1993 by Mr. Perry, Integral is a real estate advisory, investment management and development company based in Atlanta. Mr. Perry has over 29 years experience as a real estate professional, including work in urban development, developing and investing in mixed-income, mixed-use communities, affordable/work force housing and commercial real estate projects in markets across the country. Mr. Perry currently serves as Chair of the Board of Directors of Atlanta Life Financial Group, where he serves as a member of the Audit Committee, as Chair of the Advisory Board of the Penn Institute for Urban Research and as a trustee of the University of Pennsylvania. Mr. Perry served from 2002 through 2008 as a director of the Federal Reserve Bank of Atlanta. Mr. Perry has been a Fannie Mae director since December 2008. Mr. Perry is a member of the Compensation Committee, the Risk Policy & Capital Committee, and the Strategic Initiatives Committee. |
Jonathan Plutzik |
Mr. Jonathan Plutzik is Independent Director of Federal National Mortgage Association. He has served as Chairman of Betsy Ross Investors, LLC since August 2005. He also has served as President of the Jonathan Plutzik and Lesley Goldwasser Foundation Inc. since January 2003. Mr. Plutzik served as Non-Executive Chairman of the Board of Directors at Firaxis Games from June 2002 to December 2005. Before that, he served from 1978 to June 2002 in various positions with Credit Suisse First Boston, retiring in June 2002 from his role as Vice Chairman. Mr. Plutzik has been a Fannie Mae director since November 2009. Mr. Plutzik is Chair of the Strategic Initiatives Committee and is a member of the Compensation Committee, the Executive Committee and the Risk Policy & Capital Committee. |
David Sidwell |
Mr. David H. Sidwell is Independent Director of Federal National Mortgage Association. He served as Executive Vice President and Chief Financial Officer of Morgan Stanley from March 2004 to October 2007, when he retired. From 1984 to March 2004, Mr. Sidwell worked for JPMorgan Chase & Co. in a variety of financial and operating positions, most recently as Chief Financial Officer of JPMorgan Chase’s investment bank from January 2000 to March 2004. Prior to joining JP Morgan in 1984, Mr. Sidwell was with Price Waterhouse LLP, a public accounting firm, from 1975 to 1984. Mr. Sidwell is currently a member of the Board of Directors and Senior Independent Director of UBS AG, where he serves as Chair of the Risk Committee and a member of the Governance & Nominating Committee. He previously was a member of the Board of Directors of MSCI Inc. from November 2007 through September 2008, where he served as Chair of the Audit Committee and a member of the Nominating and Corporate Governance Committee. Mr. Sidwell served as a Trustee of the International Accounting Standards Committee Foundation from January 2007 until his term ended in December 2012. Mr. Sidwell has been a Fannie Mae director since December 2008. Mr. Sidwell is Chair of the Risk Policy & Capital Committee and a member of the Compensation Committee and the Executive Committee. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Philip Laskawy |
-- |
Timothy Mayopoulos |
3,236,630 |
David Benson |
3,301,000 |
John Nichols |
2,086,430 |
Bradley Lerman |
-- |
Andrew Bon Salle |
-- |
Terence Edwards |
3,046,100 |
Pascal Boillat |
-- |
Jeffery Hayward |
-- |
Zachary Oppenheimer |
-- |
William Forrester |
-- |
Brenda Gaines |
-- |
Charlynn Goins |
-- |
Frederick Harvey |
-- |
Robert Herz |
-- |
Egbert Perry |
-- |
Jonathan Plutzik |
-- |
David Sidwell |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Philip Laskawy |
0 | 0 |
Timothy Mayopoulos |
0 | 0 |
David Benson |
0 | 0 |
John Nichols |
0 | 0 |
Bradley Lerman |
0 | 0 |
Andrew Bon Salle |
0 | 0 |
Terence Edwards |
0 | 0 |
Pascal Boillat |
0 | 0 |
Jeffery Hayward |
0 | 0 |
Zachary Oppenheimer |
0 | 0 |
William Forrester |
0 | 0 |
Brenda Gaines |
0 | 0 |
Charlynn Goins |
0 | 0 |
Frederick Harvey |
0 | 0 |
Robert Herz |
0 | 0 |
Egbert Perry |
0 | 0 |
Jonathan Plutzik |
0 | 0 |
David Sidwell |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
WILLIAMS MICHAEL J |
14,913 | $0.23 |
OPPENHEIMER ZACHARY |
1,631 | $0.23 |
SHAW MICHAEL A |
1,896 | $0.23 |
KNIGHT LINDA |
5,567 | $0.23 |
BENSON DAVID C |
2,401 | $0.23 |
FINK GREGORY A |
667 | $0.23 |
BON SALLE ANDREW |
1,913 | $0.23 |
HISEY DAVID C |
2,662 | $0.23 |
BACON KENNETH J |
6,158 | $0.23 |
PALLOTTA KAREN R |
4,039 | $0.00 |

