Multi-Housing Executives Update: David M. Johnson Named Fannie Mae CFO, and Other Moves
- Nov 26, 2008
By Erika Schnitzer, Associate EditorWashington, D.C.—David M. Johnson has been appointed executive vice president and chief financial officer of Fannie Mae by Herbert M. Allison, Jr., the company’s CEO.“With his broad and deep financial services and capital markets experience, David will help lead Fannie Mae as we assist the market during this unprecedented correction and weather the challenges facing all financial companies today,” Allison said. “Going forward, as the financial system and industry undergo significant change, David will also help to lead Fannie Mae’s transition to the future.”Previously, Johnson served as executive vice president and CFO at Hartford Financial Services Group and as CFO at Cendant Corporation. Before Cendant, Johnson was a managing director in the investment banking division at Merrill Lynch.Two Love Funding Executives Selected for Advisory CouncilsWashington D.C.—Chad Ricks (pictured), vice president of Love Funding’s Dallas office, and Carolyn Whatley, vice president of the national mortgage-banking firm’s Palm Beach, Fla.’s office, have been selected to serve on the Board of Directors for two financial advisory councils.Ricks, a member of the Austin Apartment Association, Apartment Association of Greater Dallas, Houston Apartment Association, and the National Apartment Association, among other organizations, will serve as a board member for the Southwest Mortgage Advisory Council (SWAC).Whatley, who has been in the mortgage banking and apartment development industry for 25 years, has been elected as secretary of the Southeast Mortgage Advisory Council (SMAC). She has closed almost $1 billion in multifamily and commercial real estate loans.Both SWAC and SMAC are organizations of HUD mortgagees that originate and process multifamily and healthcare products in HUD’s multifamily offices.Mercy Loan Fund Appoints Four New Board MembersDenver—Mercy Loan Fund, a subsidiary of Mercy Housing, a national nonprofit affordable housing organization, has appointed four new board members: Darrell Hubbard, Katy Lindblad, Sister Linda Werthman, and Douglas Winn.”Our new board members’ expertise in the financial and affordable housing industries will provide invaluable leadership to Mercy Loan Fund,” says Diane Leavesley, president, Mercy Loan Fund.Hubbard is senior vice president of investment management for The National Equity Fund Inc. in Chicago. Lindblad is assistant commissioner for community development of the Minnesota Housing Finance Agency. Werthman, RSM, is a councilor on the Institute of the Sisters of Mercy of the Americas leadership team in Silver Springs, Md. Winn is president and co-founder of Wilary Winn in St. Paul, Minn., a firm providing objective and independent fee-based advice to financial intermediaries.They join the six other members of the Mercy Loan Fund Board of Directors.