Fannie Mae appoints 2 to its board of directors

New hires to assist the GSE’s mission to provide liquidity to the mortgage market

Fannie Mae appoints 2 to its board of directors

Fannie Mae has added Karin Kimbrough and Brian Brooks to its board of directors.

Jonathan Plutzik, chairman of the board, said Kimbrough and Brooks will bring “unique insights and perspective” to help the company in its mission to deliver liquidity to the mortgage market and support access to credit and affordable housing for families across the US.

Kimbrough most recently worked as assistant treasurer at Google. Before that, she held managerial roles including managing director and head of macroeconomic policy at the Bank of America Merrill Lynch as well as director of the Federal Reserve Bank’s Financial Stability Monitory Function in the market group. Kimbrough also served at Morgan Stanley as an economist and strategist.

Prior to serving cryptocurrency exchange Coinbase as chief legal officer, Brook played a key role at Fannie Mae as executive VP, general counsel, and corporate secretary. He was also worked at OneWest Bank and at O’Melveny & Myers’ law firm.

“Karin and Brian are the right additions to our board as we continue finding innovative ways to make housing more affordable while driving digital transformation of the mortgage experience for our customers and partners,” said interim CEO Hugh Frater. “Their deep experience in technology and banking will complement the expertise of their peers on the board as they help guide us toward achieving our corporate priorities.”