Fannie’s CEO Contemplates a Future After Government Conservatorship

After more than 15 years under government control, Fannie Mae’s chief executive officer is thinking about a possible future without it. The business would certainly have more commercial muscle, she says.

“Conservatorship was never meant to be permanent, right?” Priscilla Almodovar, who took over as Fannie’s CEO in December 2022, said in an interview Thursday at Bloomberg’s Washington bureau. Fannie and its sister company, Freddie Mac, have been under federal conservatorship since 2008, when the government-sponsored enterprises were bailed out by the US Treasury Department in the depths of the financial crisis.