by Fannie Mae is a large American government-sponsored mortgage loan company, headquartered in Washington DC, United States. The bank is lead by Chief Executive Officer Hugh R. Frater since October 2018. The stock is listed on OTCMKTS with stock name FNMA. The official name of Fannie Mae is the Federal National Mortgage Association. Based on the news reports of the Washington Post, the salary of CEO of Fannie Mae was capped at US$600,000 a year.
To reduce the work load of the CEO, the company introduced new position – the President. According to the same news report, the President will be paid a whooping US$3 million.
Fannie Mae Board of Directors Compensation
As of now, we are unable to fetch information about board of directors compensation for Fannie Mae. We will update this section as and when we get exact compensation information.
- Amy E. Alving – Chief Technology Officer and Senior Vice President at SAIC
- Sheila C. Bair – President of Washington College
- Brian P. Brooks – Chief Legal Officer of Coinbase Global, Inc.
- Hugh R. Frater – CEO of Fannie Mae
- Renee L. Glover – Founder and Managing Member of the Catalyst Group LLC
- Michael J. Heid – Executive Vice President (Home Lending) of Wells Fargo & Company
- Robert H. Herz – President of Robert H. Herz LLC
- Antony Jenkins – Founder and Executive Chair of 10x Future Technologies Limited
- Karin Kimbrough – Chief Economist for LinkedIn Corporation
- Diane C. Nordin – Partner of Wellington Management Company, LLP
- Jonathan Plutzik – Chairman of Betsy Ross Investors, LLC
- Manuel “Manolo” Sánchez Rodríguez – Professor at Rice University’s Jones Graduate School of Business
- Ryan Zanin – President and CEO of the Restructuring & Strategic Ventures Group at GE Capital
Director Compensation Overview (2024)
According to a Form 8-K filed on March 17, 2025, Fannie Mae stated that its directors (specifically Mr. Stanley and Mr. Stucky, newly appointed) “will be paid director compensation as described in Fannie Mae’s annual report on Form 10‑K for the year ended December 31, 2024” (sec.gov).
Although the actual compensation tables aren’t included in the 8‑K, media reporting notes:
“Fannie board members … can make more than $160,000 annually” (sec.gov, washingtonpost.com).
That aligns with the typical annual retainer for board members (not including committee fees and other compensation components).
Typical Components of Director Pay
While the exact breakdown for 2024 isn’t yet in the public preview of the 10‑K/Proxy, director compensation typically includes:
- Cash retainers (annual base fee) – approx. $160K
- Committee fees (for chairs and members of Audit, Compensation, etc.)
- Equity awards (e.g., restricted stock or stock units)
- Meeting attendance fees (if applicable)
Next Steps
To get the detailed compensation breakdown — like individual cash retainer, equity grants, committee chair premiums, meeting fees, and other benefits — here’s how:
- Download the 2024 Form 10‑K, filed February 14, 2025, and locate the section “Executive Compensation—Compensation Tables and Other Information—Director Compensation.” (streetinsider.com)
- Alternatively, review the 2025 Proxy Statement (DEF 14A), as it should present the full compensation summary for directors.
Summary Table (based on available info)
| Compensation Element | Amount (approx.) |
|---|---|
| Annual Retainer (Base Cash) | ≈ $160,000+ |
| Committee Fees & Equity Grants | Not disclosed yet; see Proxy Tables |
Fannie Mae Executive Salaries/Leadership Team
The executives at Fannie Mae receive nominal salaries compared to their counterparts in banks. Their salaries were capped at US$600,000 a year by the government. We will give accurate salary numbers as and when we can able to get it.
- Hugh R. Frater – Chief Executive Officer
- David Benson – President
- Elcio Barcelos – Senior Vice President and Chief Human Resources Officer
- Andrew Bon Salle – Executive Vice President – Single-Family Business
- Celeste Mellet Brown – Executive Vice President and Chief Financial Officer
- John Forlines – Senior Vice President and Chief Risk Officer
- Jeffery R. Hayward – Executive Vice President and Head of Multifamily
- Steve James – Senior Vice President and Chief Marketing Officer
- Nancy Jardini – Senior Vice President and Chief Compliance and Ethics Officer and Chief Office of Minority and Women Inclusion Officer
- Doug Watt – Senior Vice President and Chief Audit Executive
- Kimberly Johnson – Executive Vice President and Chief Operating Officer
- Stergios “Terry” Theologides – Executive Vice President, General Counsel, and Corporate Secretary
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