FFannie Mae buys single-family and multifamily mortgages from banks, credit unions and other lenders across the United States, giving those lenders cash to make more home loans. It does not lend to homebuyers directly; instead it pools most of the loans it buys into mortgage-backed securities and guarantees investors timely payment of principal and interest. Lenders deliver loans that meet its underwriting standards, often checked through its Desktop Underwriter system. The company earns guaranty fees on the securities it backs and interest income on loans held in its portfolio. Congress chartered it in 1938, it has operated under federal conservatorship since 2008, and it is headquartered in Washington, D.C.
Work here?Claim your company
Industries
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Washington, DC
Founded
1938
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$4.3B
Above
Industry Average
Funded Over
6 Rounds
Bill Ackman says releasing Fannie Mae and Freddie Mac from government conservatorship would be "the greatest real estate deal of all time." On Pershing Square's third-quarter earnings call, he estimated it would create half a trillion dollars of value, 80% of it held by taxpayers. Ackman, whose firm owns about 10% of both companies, calls a release "a political imperative" and says a president can do it by executive order. No plan has been announced. The Treasury's senior preferred stock carries a $238 billion liquidation preference, and its warrants cover 79.9% of each company's common stock. Common shareholders get paid only after those claims. Both stocks have lost about half their value this year.
Omeed Malik, a close Trump ally and business partner of Donald Trump Jr., has resigned from the board of Fannie Mae, effective October 30. The mortgage giant disclosed the move in a filing with the Securities and Exchange Commission on Tuesday. Malik is president of venture capital firm 1789 Capital, where Trump Jr. became a partner in November 2024. He is also founder of investment bank Farvahar Partners. He joined the eight-member board in April 2025 and was paid $114,222 last year. During his tenure, Fannie Mae expanded its balance sheet at President Donald Trump's urging, buying mortgage-backed securities to lower mortgage rates. Fannie Mae reported $4.2 billion in third-quarter net income. Its net worth rose from $47.4 billion in 2021 to $119.6 billion in the third quarter.
HAPO Community Credit Union selects Dovenmuehle Mortgage for mortgage subservicing. LAKE ZURICH, Ill., Nov. 2, 2026 (SEND2PRESS NEWSWIRE) - Dovenmuehle Mortgage, Inc. (DMI), the nation's leading independent mortgage subservicing company, today announced a partnership with HAPO Community Credit Union (HAPO), which holds $3 billion in assets and supports 215,000 members in 25 branches across Washington, Oregon and Idaho. Under the agreement, DMI will subservice HAPO's portfolio loans and provide foundational infrastructure for future strategic growth. Image caption: Dovenmuehle Mortgage. HAPO members will benefit from a user-friendly digital servicing experience through Your Mortgage Online (YMO), DMI's borrower-facing web portal and mobile app. YMO puts everything members need in one place, allowing them to retrieve statements and year-end tax documents, view transaction history, generate payoff statements and make payments online. Members can also upload documentation for account updates and chat directly with DMI's servicing specialists for help with specific questions, delivering support and transparency throughout the life of their loan. Behind the scenes, DMI's TellerView application equips HAPO staff with real-time access to loan-level information across the credit union's serviced portfolio. Whether a member calls with a question or stops by one of HAPO's branch locations, employees can quickly review the loan's status and provide answers on the spot. This transparency into servicing operations helps HAPO maintain the personal, responsive service its members expect. "When we service loans for a credit union, we're servicing on behalf of its reputation. Every call, payment and escrow question reflects on HAPO, and we approach each interaction with that in mind," said DMI Senior Vice President Matt Budy. "Our job is to absorb the regulatory, investor reporting and operational complexity so HAPO's team can stay focused on lending and member relationships." "Our members choose HAPO because we know them and the communities we serve," said HAPO Vice President of Mortgage Chris Blotsky. "This partnership lets us keep that relationship at the center while giving members the servicing support and digital tools they'd expect from the nation's largest lenders." DMI's subservicing program will further support business growth as HAPO prepares to sell servicing retained loans to the Federal Home Loan Bank (FHLB) and Fannie Mae beginning in 2027. DMI's expertise in investor accounting, including reporting, remittance, reconciliations and audit support, provides the foundational infrastructure needed for HAPO to expand its mortgage lending capacity while keeping the member relationship close to home. "Expanding our investor relations with FHLB and Fannie Mae will give us new options for funding and managing our mortgage portfolio," said Blotsky. "That means we will be able to support more of our members, from first-time homebuyers to families looking to refinance, while continuing to manage our balance sheet responsibly." About HAPO Community Credit Union HAPO Community Credit Union, headquartered in Richland, Washington continues to prosper and provide financial services to over 215,000 members across Washington, Oregon, and Idaho. With $3 billion in assets, and 25 locations, HAPO supports the communities throughout Washington State, Umatilla, Marrow, Clackamas, Clatsop, Columbia, Gilliam, Hood River, Multnomah, Sherman, Wasco, and Washington counties in Oregon and Boundary, Bonner, Shoshone, Kootenai, Benewah, Lewis, Nez Perce, and Latah counties in Idaho. HAPO invests in their communities through financial education initiatives, sponsorships, and scholarships all while striving to promote credit union relevance and ultimately deliver the best value to their membership. To learn more, visit https://www.hapo.org/. About Dovenmuehle Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at https://dovenmuehle.com/. ### MEDIA ONLY CONTACT: (not for print or online) Lindsey Neal Depth for Dovenmuehle (404) 549-9282 [email protected] News Source: Dovenmuehle Follow Send2Press Newswire on Google News, or add Send2Press as a preferred source, to get its latest news announcements from all topics in your feeds. Shortcode: https://i.send2press.com/mFcBS RELATED TOPICS: ABOUT THE NEWS SOURCE: Dovenmuehle. Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. LEGAL NOTICE AND TERMS OF USE: The content of the above press release was provided by the "news source" Dovenmuehle or authorized agency, who is solely responsible for its accuracy. Send2Press(R) is the originating wire service for this story and content is Copr. (C) Dovenmuehle with newswire version Copr. (C) 2026 Send2Press (a service of Neotrope). All trademarks acknowledged. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. Rights granted for reproduction by any legitimate news organization (or blog, or syndicator). However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as "original syndication source." Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. Story Reads as of 2026-11-02 11:47:04: 375 views
Radian Group reshapes executive leadership across key roles. Published on October 29, 2026 Radian Group reshapes executive leadership with appointments across finance, technology and specialty insurance. The company said the changes are intended to strengthen oversight, advance strategic priorities and support sustainable expansion while maintaining discipline in risk and capital management. Dan Kobell will become Chief Financial Officer, reporting to Chief Executive Officer Mike Weinbach. Radian said Kobell, who joined the company in 2015, has held a succession of senior finance roles and served as interim CFO since February 2026. Finance and technology leadership. In the permanent role, Kobell will oversee financial planning and operations. His responsibilities include capital deployment, risk oversight and preserving Radian's financial resilience and flexibility, according to the company's leadership appointment announcement. Radian said Kobell will work with the executive team so investment decisions align with strategic objectives, support sustainable business development and deliver long-term returns for shareholders. The company described the appointment as part of a wider leadership change. Courtney Smith Goodrich has been appointed Chief Information Officer and will report to Weinbach. She will lead technology direction, including systems upgrades, data capabilities and analytics. Radian expects the work to strengthen its use of information, speed decision-making and support customer service. Smith Goodrich joins from Fannie Mae, where she served as Chief Strategy & Transformation Officer and led organization-wide transformation programs. Her prior senior executive roles were at Wells Fargo and JPMorgan Chase. Radian reshapes executive leadership in specialty insurance. Russell Merrett, who helped establish specialty insurance subsidiary Inigo and serves as its Chief Underwriting Officer, will oversee property and casualty strategy across Radian Group in a newly created role. He will report to Weinbach and assess business opportunities against Radian's portfolio and long-term objectives. The role includes considering entry into new markets, developing partnerships and identifying ways to expand insurance and reinsurance operations while maintaining a focus on profitable growth. Radian's move places Merrett's specialty insurance experience within the group's wider strategy. At Inigo, Craig Knightley has been promoted to Chief Underwriting Officer, subject to regulatory approval. He will take over from Merrett and lead underwriting across Inigo's insurance, reinsurance and partnership businesses. Knightley has been with the specialty insurer since its establishment, contributed to its development and originated the Horizon and Inform programs. He will report to Inigo Chief Executive Officer Richard Watson. Stuart Bridges, an Inigo founding member and outgoing Chief Financial Officer, will become Radian Group Advisor. Radian said he will draw on his property and casualty insurance knowledge and industry contacts to develop relationships with business partners and market participants, including investors focused on the sector. Meghan Bartholomew and Steve Keleher will remain Co-Heads of Radian Guaranty, the group's mortgage insurance subsidiary. Watson will continue as Inigo's Chief Executive Officer. Weinbach said the appointments add financial, technology and underwriting expertise to Radian's leadership team. He said the company sees opportunity ahead and plans to pursue its next phase of growth with the risk and capital discipline that, in his view, supports financial strength and long-term stockholder value.
Fannie Mae net income rises to $4.2B in Q3 2026. Earnings call emphasized Fannie's work to support affordable homeownership October 28, 2026, 9:24am by Sarah Wolak Article Summary. Fannie Mae reported $4.2B in Q3 2026 net income, up 5% from Q2, as higher net interest income and fair value gains offset a $1.1B credit-loss provision. Net worth rose to $119.6B, and the GSE provided $103B in quarterly mortgage-market liquidity. AI Summary Fannie Mae reported $4.2 billion in net income for the third quarter of 2026, up 5% from the previous quarter, as higher net interest income and fair value gains offset an increase in provisions for credit losses. The government-sponsored enterprise's net income rose from $4 billion in the second quarter and $3.9 billion a year earlier, according to results released Tuesday. Net revenues increased 1% quarter over quarter to $7.7 billion. Fannie Mae's net worth reached $119.6 billion as of Sept. 30, up 3% from $116.5 billion at the end of the second quarter and 13% from $105.5 billion a year earlier. Membership Full access Billed annually Membership includes: * | Unlimited access to HousingWire reporting and analysis * | Access to HousingWire Intelligence * | Member-only newsletter * | Event perks Free account Limited access * | Read 2 subscriber-only articles each month
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs
Industries
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Washington, DC
Founded
1938
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs