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Fannie Mae Appoints Former Homebuilding Industry Executive Scott D. Stowell to its Board of Directors

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Fannie Mae (FNMA) has appointed Scott D. Stowell to its Board of Directors, bringing nearly 40 years of homebuilding industry experience. Stowell is the Founder, CEO, and President of Capital Thirteen , an advisory and real estate investment company. He previously served as CEO of Standard Pacific Homes and Executive Chairman of CalAtlantic Group. The appointment aims to leverage his expertise in addressing housing supply challenges and expanding mortgage credit access. Stowell currently serves on the boards of Toll Brothers, Pacific Mutual Holding Company, and HomeAid America.

Fannie Mae (FNMA) ha nominato Scott D. Stowell nel suo Consiglio di Amministrazione, portando con sé quasi 40 anni di esperienza nell'industria della costruzione di abitazioni. Stowell è il Fondatore, CEO e Presidente di Capital Thirteen, una società di consulenza e investimento immobiliare. In precedenza ha ricoperto il ruolo di CEO di Standard Pacific Homes e di Presidente Esecutivo di CalAtlantic Group. La nomina mira a sfruttare la sua esperienza nel risolvere le sfide legate all'offerta di abitazioni e nell'ampliare l'accesso al credito ipotecario. Attualmente Stowell fa parte dei consigli di amministrazione di Toll Brothers, Pacific Mutual Holding Company e HomeAid America.

Fannie Mae (FNMA) ha nombrado a Scott D. Stowell en su Junta Directiva, aportando casi 40 años de experiencia en la industria de la construcción de viviendas. Stowell es el Fundador, CEO y Presidente de Capital Thirteen, una empresa de asesoría e inversión inmobiliaria. Anteriormente se desempeñó como CEO de Standard Pacific Homes y Presidente Ejecutivo de CalAtlantic Group. La designación tiene como objetivo aprovechar su experiencia para abordar los desafíos en la oferta de vivienda y expandir el acceso al crédito hipotecario. Actualmente, Stowell forma parte de las juntas de Toll Brothers, Pacific Mutual Holding Company y HomeAid America.

팬니 메이(FNMA)는 스콧 D. 스토웰을 이사회의 이사로 임명하며, 거의 40년의 주택 건설 산업 경험을 가지고 있습니다. 스토웰은 자문 및 부동산 투자 회사인 캐피탈 13의 설립자, CEO 및 회장입니다. 그는 이전에 스탠다드 패시픽 홈즈의 CEO와 칼앨랜틱 그룹의 실행 의장을 역임했습니다. 이번 임명의 목적은 주택 공급 문제를 해결하고 모기지 신용 접근성을 확대하기 위한 그의 전문성을 활용하는 것입니다. 현재 스토웰은 톨 브라더스, 퍼시픽 뮤추얼 홀딩 컴퍼니, 홈에이드 아메리카의 이사회에도 참여하고 있습니다.

Fannie Mae (FNMA) a nommé Scott D. Stowell au sein de son Conseil d'Administration, apportant près de 40 ans d'expérience dans l'industrie de la construction de maisons. Stowell est le Fondateur, PDG et Président de Capital Thirteen, une société de conseil et d'investissement immobilier. Auparavant, il a été PDG de Standard Pacific Homes et Président Exécutif de CalAtlantic Group. Cette nomination vise à tirer parti de son expertise pour relever les défis de l'offre de logements et élargir l'accès au crédit hypothécaire. Stowell siège actuellement dans les conseils d'administration de Toll Brothers, Pacific Mutual Holding Company et HomeAid America.

Fannie Mae (FNMA) hat Scott D. Stowell in seinen Vorstand berufen und bringt fast 40 Jahre Erfahrung in der Wohnungsbauindustrie mit. Stowell ist der Gründer, CEO und Präsident von Capital Thirteen, einer Beratungs- und Immobilieninvestmentgesellschaft. Zuvor war er CEO von Standard Pacific Homes und Executive Chairman der CalAtlantic Group. Die Ernennung zielt darauf ab, seine Expertise zur Bewältigung der Herausforderungen der Wohnraumversorgung und zur Erweiterung des Zugangs zu Hypothekarkrediten zu nutzen. Stowell ist derzeit auch in den Vorständen von Toll Brothers, Pacific Mutual Holding Company und HomeAid America tätig.

Positive
  • Addition of extensive homebuilding industry expertise to the board
  • Strategic alignment with company's focus on addressing housing supply challenges
  • Broad expertise across residential spectrum including affordable housing projects
Negative
  • None.

WASHINGTON, Nov. 7, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced Scott D. Stowell has been appointed to its Board of Directors. Mr. Stowell brings nearly 40 years of experience in the U.S. homebuilding industry to Fannie Mae's accomplished and diverse Board, which guides the company's efforts to responsibly expand access to mortgage credit and finance quality, affordable rental housing.

"We are pleased to welcome Scott to Fannie Mae's Board of Directors," said Michael J. Heid, Chair of the Board. "His leadership and guidance, especially from the homebuilding perspective, will be invaluable as Fannie Mae continues to create innovative solutions to help address today's housing challenges."  

"Scott's extensive industry knowledge will complement our dynamic and talented Board of Directors," said Priscilla Almodovar, President and Chief Executive Officer, Fannie Mae. "With broad expertise across the residential spectrum, including single-family homes, mixed-use communities, and projects meeting local governments' affordability requirements, we will benefit from Scott's deep understanding of the homebuilding process as lack of supply and new construction issues persist in the U.S. housing market."

Mr. Stowell is the Founder, CEO, and President of Capital Thirteen LLC, an advisory, real estate investment, and angel investing company. Mr. Stowell currently sits on the Board of Directors at Toll Brothers, Pacific Mutual Holding Company, and HomeAid America, a non-profit organization whose mission is to help people experiencing or at risk of homelessness build new lives through construction, community engagement, and education.

Mr. Stowell held various roles at Standard Pacific Homes from 1986 to 2015, advancing through the company to serve as CEO beginning in 2012. Upon the creation of CalAtlantic Group, Inc. in 2015, the result of the merger of Standard Pacific Homes and the Ryland Group, Mr. Stowell served as the Executive Chairman of CalAtlantic Group, Inc. After CalAtlantic merged with the Lennar Corporation in 2018, Mr. Stowell served on the Lennar Corporation Board of Directors until 2021.

About Fannie Mae
Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:
fanniemae.com | X (formerly Twitter) | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom
https://www.fanniemae.com/news

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https://www.fanniemae.com/resources/img/about-fm/fm-building.tif

Fannie Mae Resource Center
1-800-2FANNIE (800-232-6643)

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SOURCE Fannie Mae

FAQ

Who is the newest board member appointed to Fannie Mae (FNMA)?

Scott D. Stowell, former homebuilding industry executive and current Founder, CEO, and President of Capital Thirteen , was appointed to Fannie Mae's Board of Directors in November 2024.

What is Scott D. Stowell's experience in the homebuilding industry before joining Fannie Mae (FNMA)?

Stowell has nearly 40 years of homebuilding industry experience, including roles at Standard Pacific Homes from 1986 to 2015 where he served as CEO, and as Executive Chairman of CalAtlantic Group until its merger with Lennar in 2018.

What other board positions does Scott D. Stowell currently hold besides Fannie Mae (FNMA)?

Stowell currently serves on the Board of Directors at Toll Brothers, Pacific Mutual Holding Company, and HomeAid America, a non-profit organization focused on helping people experiencing homelessness.

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