Priscilla Almodovar, the CEO and president of Fannie Mae, has been named one of USA TODAY’s Women of the Year for her remarkable contributions to housing affordability and finance. Almodovar’s journey from observing her hardworking mother in college classes to leading a major financial institution embodies the essence of the American dream. As a key figure in Fannie Mae, which plays a crucial role in providing mortgage financing across the country, Almodovar emphasizes the significance of homeownership and the broader impact it has on families and communities.
With a background rooted in her parents’ journey from Puerto Rico to New York, Almodovar understands the universal desire for a safe place to live, regardless of one’s status as a renter or homeowner. Her career trajectory at the intersection of Main Street and Wall Street reflects her passion for tangible real estate projects that directly impact people’s lives. Almodovar’s commitment to addressing housing affordability challenges in the face of rising mortgage rates and limited supply underscores her dedication to making the American dream accessible to all.
Beyond her professional accomplishments, Almodovar finds solace in her study surrounded by books, showcasing her diverse interests from finance to running. Her support system, including her husband and children, fuels her drive to make a positive difference in the housing sector. Through her leadership at Fannie Mae, Almodovar continues to advocate for inclusive homeownership and community development, embodying the spirit of empowerment and progress for all.