Page 55 - July-August 2018 GSE Report Flip Book

FANNIE MAE JJUALN. U- ARUYG. 22001188
Fannie Mae names Antony Jenkins to the Board of Directors
On July 16, Fannie Mae announced that Antony Jenkins, former Barclays CEO and member of Barclays board of directors, has been elected to the company’s board. Jenkins is also the founder and executive chair of 10X Future Technologies Limited, which is building a digital technology platform to redefine how banks operate and engage customers.
Jenkins currently serves as Group Chairman of the Board of Directors of Currencies Direct Ltd. and as a member of the Board of Directors of Blockchain Luxembourg SA. He also serves as Chair for the Institute for Apprenticeships and is a member of the Financial Innovation Standing Committee of the Consultative Working Group of the European Securities and Markets Authority (ESMA). Jenkins served as a member of Fannie Mae’s Digital Advisory Council from February 2017 to June 2018.
“We are very pleased to welcome Antony to the Fannie Mae Board of Directors,” said Egbert
L.J. Perry, Chairman of the Board. “With his leadership of one of the world’s largest banks and his experience founding an important digital technology firm, he has a keen ability to identify and develop emerging technology opportunities and to bring valuable and practical insights to Fannie Mae.”
“Antony is a highly respected and knowledgeable business leader. He is a great addition to our Board of Directors at a time of exciting innovation and technological opportunity in housing,” said president and CEO Timothy J. Mayopoulos. “Antony’s broad financial services experience and strong fintech and digital technology expertise will complement the deep experience of the Board as we work to address today’s affordable housing issues. We are fortunate to benefit from Antony’s capabilities as we use technology to open up new mortgage and rental options for America’s homeowners and renters.” (Press Release, Fannie Mae, 07/16/18)
Fannie Mae launches Enterprise-Paid Mortgage Insurance Pilot program
Four months after Freddie Mac introduced Integrated Mortgage Insurance (IMAGIN), a program that uses a panel of private insurers and reinsurers to attach private mortgage insurance to Freddie-backed loans with low down payments, Fannie Mae announced the Enterprise-Paid Mortgage Insurance (EPMI) program.
This new lender option enables Fannie Mae to streamline the operational requirements of participating lender customers, increase the certainty of coverage for our credit investor partners, and better manage company’s counterparty risk. EPMI applies many of the same concepts developed in Fannie’s Credit Insurance Risk TransferTM structure to its charter-required credit
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