Fannie Mae Announces First Director of Diversity and Inclusion

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Fannie Mae appointed Sharifa Anderson to fill the newly created role of Senior Vice President and Chief Diversity and Inclusion Officer.

Effective February 28, Anderson, who most recently served as Director of Diversity and Inclusion at Federal Home Loan Bank of Pittsburghlead Fannie’s efforts to create positive diversity and inclusion outcomes across the company as well as with the company’s suppliers, business partners, and the people and communities it serves , said the government-sponsored company.

Fannie said in a press release Monday that the creation of the position cements her commitment to providing opportunities for minority and women-owned businesses in capital markets and fostering an inclusive workplace.

“Sharifa will play an important role in helping us achieve our strategic priorities as we work with industry partners to drive greater representation of people of color and women in the housing industry,” said Hugh Frater. , CEO of Fannie Mae.

Prior to her seven-year stint at the Federal Home Loan Bank of Pittsburgh, from 2013 to 2014, Anderson worked as an attorney at Relman, Dane & Colfax LLC, specializing in fair lending advice and compliance. Prior to that, she worked at Ballard Spahr in public finance and housing.

It won’t be his first time at Fannie Mae. Anderson, who has worked in a variety of housing positions for more than two decades, served as Senior Commercial Manager at Fannie Mae from 2003 to 2007. She also worked briefly at the Department of Housing and Urban Development as a lawyer in the Office of Legal Counsel, from 2010 to 2011.


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Anderson, in a statement, said she was excited to return to the mortgage giant “during this pivotal time in the housing industry.”

“I look forward to working alongside Fannie Mae’s leadership team to create a more diverse and inclusive workforce, and a housing industry that shares Fannie Mae’s mission to facilitate equitable and sustainable access. to home ownership and rental housing across the country,” she said.

In recent years, the two government-sponsored companies have stepped up efforts to improve the diversity of their staff, boards and suppliers. Freddie Macwho has served as a diversity and inclusion manager since at least 2018, last year appointed Dionne Wallace Oakley to the role.

But Fannie Mae and Freddie Mac, and the mortgage industry as a whole, continue to struggle with diversity. A 2020 report from the Office of Government Accountability found that women directors held leadership positions on corporate boards for the first time in 2019.

The report noted that the Federal Housing Finance Agency conducts annual reviews of companies’ diversity and inclusion efforts, reviewing their strategic planning and associated diversity and inclusion goals.

In one such review, in 2017, the FHFA found that companies had taken steps to
promote and maintain diversity, but had not fully implemented the diversity requirements dating back to 2010.

The FHFA wrote that during the review, its officials discussed with both companies the need to address diversity and inclusion as a company-level program, “not just an add-on to their diversity efforts. of human resources”.

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