Fannie Mae

David C. Hisey is Fannie Mae's Executive Vice President and Deputy Chief Financial Officer, reporting to the Chief Financial Officer. He is responsible for financial planning and analysis, business unit finance, accounting, financial controls and the financial reporting and income tax functions. Mr. Hisey has more than 25 years of financial services expertise in mortgage, consumer and commercial lending and capital markets. He joined Fannie Mae in January 2005, and was previously Senor Vice President and Controller. Prior to joining Fannie Mae, Mr. Hisey was Corporate Vice President of Financial Services Consulting, Managing Director and Practice Leader of BearingPoint's Lending and Leasing Group. Before joining BearingPoint, he was an audit partner at KPMG LLP with a focus in the mortgage industry. Mr. Hisey has extensive experience in financial statement audits, risk management, finance and regulatory advisory services, business strategy, operations improvement, technology, securitization, performance measurement and mergers and acquisitions. Mr. Hisey has a bachelor of business administration in accounting and finance, magna cum laude, from James Madison University. He is a certified public accountant in the Commonwealth of Virginia.

Kenneth J. Bacon is Fannie Mae's Executive Vice President -- Housing and Community Development. Reporting to the President and Chief Executive Officer, Mr. Bacon is responsible for the company's Multifamily guaranty book of business, which totaled $173.3 billion as of December 31, 2008. He is also responsible for Community Lending, Community Investment and the company's Low Income Housing Tax Credit business. Mr. Bacon began serving in this role on an interim basis in December 2004, and was named by the board of directors to the Executive Vice President's position in July 2005. From 2000 to 2005, Mr. Bacon was Fannie Mae's Senior Vice President - Multifamily Lending & Investment, responsible for the management and marketing of Fannie Mae's portfolio of multifamily loans and investments, including the Delegated Underwriting and Servicing Lender franchise. Before joining Fannie Mae in 1993, Mr. Bacon was Director of the Office of Securitization of the Resolution Trust Corporation. He also spent eight years on Wall Street with Kidder Peabody & Co. and Morgan Stanley & Co., serving as an officer at each firm. Mr. Bacon is on the board of directors for Comcast Corporation and Corporation for Supportive Housing. He is a member of the Executive Leadership Council and Urban Land Institute. Mr. Bacon was awarded the Order of the British Empire in recognition of his contributions to the Marshall Scholars program. He has a master of business administration from the Harvard Business School, a master of science in international relations from the London School of Economics where he studied as a Marshall Scholar and a bachelor of arts from Stanford University.

Linda Knight is Fannie Mae's Executive Vice President -- Enterprise Operations and Securities. Reporting to the Chief Operating Officer, she is responsible for overseeing the operations teams supporting Single-Family, Housing and Community Development and Capital Markets. Ms. Knight is also responsible for overseeing the Capital Markets Middle Office Pricing and Trade Support teams. In addition, she is responsible for all external investor outreach, including fixed-income marketing, and the company's MBS Program Office. Before that, Ms. Knight was Executive Vice President -- Capital Markets, responsible for the day-to-day operations of the Capital Markets Group and directly responsible for all middle-office functions and interactions with Fannie Mae's systems' and operations' teams. Ms. Knight also was responsible for overseeing fixed-income marketing and corporate finance and managed the processes related to balance sheet assets the company maintains to fulfill its mission. Prior to her role as Executive Vice President -- Capital Markets, Ms. Knight was Senior Vice President and Treasurer with direct responsibility for all corporate funding and non-mortgage investment activity. She managed hedging, corporate finance, Treasury, e-commerce, and operations for securities trading and corporate treasury. She had direct responsibility for Fannie Mae's international and domestic debt and mortgage-backed securities marketing activities. Prior to joining Fannie Mae in August 1982, Ms. Knight served as Vice President of Alliance Capital Management Corporation where she was responsible for managing corporate pension fund fixed-income portfolios for Fortune 500 clients, establishing fixed-income investment strategy and creating and directing investment strategy for Alliance's first money market mutual funds. Previously, she served as Assistant Vice President with Bankers Trust Company, responsible for managing fixed-income corporate pension fund accounts and pooled mortgage portfolios. Ms. Knight has a bachelor of arts in economics from Smith College.

Mike Shaw is Fannie Mae's Executive Vice President and Enterprise Risk Officer, reporting to the President and Chief Executive Officer and the board of directors. He has overall responsibility for credit, market, counterparty and operational risk oversight for all business units. Specifically, Mr. Shaw is responsible for measuring, reporting and monitoring Fannie Mae's risk profile and for formulating risk policies. Previously, Mr. Shaw was Senior Vice President -- Credit Risk Oversight. He was responsible for implementing and overseeing corporate policy, limit-setting and monitoring of credit risk levels across business units, escalating issues related to noncompliance for resolution, ensuring that risks are measured adequately, review of risk management's adherence to stated credit risk policies and methodologies and reporting to external constituents on credit risk, including regulators, rating agencies and investors. Prior to joining Fannie Mae in April 2006, Mr. Shaw was a Senior Credit Executive -- Consumer Banking and Senior Risk Executive, Policy, Reporting, Analytics and Finance at J.P. Morgan Chase & Co., NY, where he was responsible for developing a post-merger organization. Prior to that, he was Senior Credit Executive -- Consumer -- Chase Financial Services, responsible for all credit risks in the consumer bank, including home finance, credit cards, auto finance and small business and branch-originated personal loans. Previously, Mr. Shaw was a senior risk manager, Global Risk Management, at GE/GE Capital, Stamford, CT, and New York, NY, where he was responsible for developing and implementing strategic risk analytic tools throughout GE financial services businesses. Before that, he was Chief Risk Officer of GE's Financial Guarantee Insurance Corp, responsible for senior transaction approval and establishing and implementing policies and procedures including public finance and structured finance transactions. Before GE, Mr. Shaw was Chief Risk Manager, Citibank Consumer Assets Division/Citicorp Mortgage, Inc., NY, where he participated in the turnaround of a national mortgage company and was responsible for risk management of a $31 billion asset portfolio. Prior to that, he served in many roles with notable experience as the Chief Risk Manager of the Citibank N.A, North American Investment Bank. Mr. Shaw has a master of business administration in finance from New York University and a bachelor of arts in economics from Case Western Reserve University. He is Six Sigma Green Belt-Certified.

Thomas A. Lawler is founder of Lawler Economic & Housing Consulting, LLC, which provides data, analysis and forecasts of housing, mortgage, financial and economic trends — with special focus on regional housing trends — to a select group of clients. Mr. Lawler worked for Fannie Mae for 22 years, first as Director of Financial Economics in 1984, and as a senior vice president from 1989 until he retired from Fannie in January 2006. Prior to joining Fannie Mae, he worked for five years at Chase Manhattan Bank, and before that he worked at the Federal Reserve Bank of Richmond. Mr. Lawler currently views himself as “semi-retired,” attempting (so far, he says, unsuccessfully) to spend about half his time on his consulting business, and the rest working on his 20-acre farm north of Leesburg, Va., where he and his wife have some horses, some chickens, and two dogs, and raise enough crops to feed the neighbors and quite a few other folks.

MDI, production, servicing and organization issues. She has spoken and published extensively on industry and governmental developments affecting the business. Ms. Batte was a political appointee at HUD during the Carter Administration. She then spent five years as Vice President of Congressional, Governmental and State Relations for Freddie Mac. As the first woman to be appointed a vice president of FHLMC, she was responsible for gaining passage of legislation authorizing lenders to securitize seasoned assets. She then was Senior Vice President of another national consulting firm for five years. John E. Lott, Senior Consultant, has over 36 years of experience in the mortgage finance industry, including over 17 years in virtually all areas of mortgage banking consulting. Mr. Lott manages the firm's litigation support practice providing law firms with strategic advice, research and expert witness services for cases involving mortgage banking issues. He also conducts financial analyses, asset valuations, and strategic planning assignments, and advises clients on all aspects of mortgage banking. He has extensive experience in developing and presenting seminars to mortgage banking executives on financial and operational issues and has been responsible for mortgage banking seminars for Federal and State Regulatory Examiners for several years. Prior to joining Mortgage Dynamics, Inc., he co-founded and managed another national mortgage banking consulting firm. Previously, he was Senior Vice President in charge of Freddie Maciligence reviews and merger/integration projects. She also manages reviews of servicing operations and portfolios of servicing rights that are collateral for operating capital lines of credit extended by warehouse lending syndicates whose members are national banks. She also advises clients on building operations to support major shifts in servicing strategy, such as reliance on subservicers, and selling on a servicing released, flow basis. Ms. Ulsch is also responsible for advising subservicers on maintaining customer service, high quality standards and taking actions to ensure above average servicing ratings. She is responsible for oversight of ARM audits, claims reviews, and other special projects involving servicing expertise. She also advises clients on servicing special loan products, including CRA and other programs targeted to low and moderate income borrowers. Since 1997, Ms. Ulsch has served as an instructor on the faculty of Fannie Mae $700 million portfolio of special loan products. Ms. Ulsch, who has been vice president of loan administration for two companies, joined MDI in March 1994. Judy Wheatley, CMB, Senior Consultant, advises clients on loan production strategies, direct and Internet lending, and operations, including process workflow. She has extensive experience with automated underwriting systems and their use at various points in the production process. She has been in demonstration AU projects with Fannie Mae and a MI company since 1997. Before joining MDI, she spent 11 years with a mortgage company in the positions of vice president of operations and director of underwriting. She gained extensive experience in mergers, acquisitions, and operations integration as the company, initially known as First Advantage Mortgage Corp., purchased Entrust Financial Corp of Atlanta, then was purchased by Long Island Savings Bank, which was purchased by Astoria Federal Mortgage Corporation in Columbia, Maryland. Ms. Wheatley also has extensive experience with special loan products, including conventional and FHA rehab mortgages, community homebuyer and housing finance authority loans. She holds the CMB designation from the Mortgage Bankers Association and is one of only 100 people the MBA has designated as an Accredited Residential Underwriter. In addition, she has taught mortgage banking courses for the MBA School of Mortgage Banking and for the Maryland MBA. She has a masters degree from Johns...

After receiving a B.S. in Real Estate Finance at California State University Fullerton, Mr. Harvey went on to become a Senior Portfolio Analyst at Fannie Mae's largest multi-family lending firm, Berkshire Mortgage Finance. There he spent years managing a billion dollar portfolio that included high-risk loans from non-performing/default to construction forwards.

Philip A. Laskawy retired from Ernst & Young in September 2001, after having held several positions during his employment there from 1961 to 2001, including serving as chairman and chief executive officer from 1994 until his retirement in 2001. In 2006-2007, he served as chairman of the International Accounting Standards Committee Foundation, which sets accounting standards in more than 100 countries. Mr. Laskawy currently serves on the Boards of Directors of General Motors Corporation, Henry Schein, Inc., Lazard Ltd., and Loews Corporation.

Business experience: Retired since 2004; formerly Chief Executive Officer 2002-2004, President, 1999-2004, Executive Vice President – Corporate Card Sales, 1994-1999, Diners Club North America, a division of Citigroup (Charge/Credit Cards). Directorships: Federal National Mortgage Association (Fannie Mae); Office Depot, Inc.; Tenet Healthcare Corporation.

David Sidwell was elected to the BoD at the AGM 2008. He chairs the risk committee and is a member of the strategy committee. David Sidwell was executive vice president and CFO of Morgan Stanley in New York between March 2004 and October 2007. Before joining Morgan Stanley he was with JPMorgan Chase & Co. He joined JPMorgan Chase & Co. in 1984 in New York where he held a number of different positions during his 20 years of service, including controller and CFO of the Investment Bank. Prior to this he was with PricewaterhouseCoopers LLP in both London and New York. Mr. Sidwell graduated from Cambridge University in England and is a chartered accountant qualifying in the Institute of Chartered Accountants in England and Wales. He was born on 28 March 1953 and is a citizen of both USA and the UK. David Sidwell is a director of the Federal National Mortgage Association Fannie Mae. He is a trustee of the International Accounting Standards Committee Foundation, London and the Chairman of the BoD of Village Care of New York, a not-for-profit organization, as well as director of the National Council on Aging.

Professor, University of Georgia; Former Chairman of Financial Accounting Standards Board (Chairman of Audit Committee)

W. Thomas Forrester has been Chief Financial Officer of Progressive Corporation since 1999. Prior thereto, Mr. Forrester held a series of increasingly senior financial and operating positions at Progressive since he joined the company in 1984. Mr. Forrester began his career at Price Waterhouse in 1976 and worked in the audit and consulting areas.