Fannie Mae-No Politics (FNMA)

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Fannie’s Chief Risk Officer Jumps Ship

Mon Mar 15,2021 - [e-mail]



John Forlines, Fannie Mae’s chief risk officer since 2018, has joined the growing list of enterprise executives leaving for greener pastures. Monday morning, wholesale giant Home Point Financial announced Forlines has taken over as the company’s chief risk officer effective immediately.

A 33-year Fannie veteran, he previously served as the GSE's deputy CRO and chief audit executive. Before that, he was chief credit officer for the enterprise’s single-family business.

It would appear that key segments of Fannie’s operations has been particularly impacted by the exodus of executives. Forlines’ departure follows hot on the heels of the January announcement that Andrew Bon Salle, long-time head of the enterprise’s single-family business, had taken over as board chair at Home Point, after leaving Fannie in the fall.

Home Point, which also announced the hire of former Voya Financial executive Jean Weng as General Counsel, happily touted the experience of its new hires. “Their well-rounded skillsets and extensive backgrounds in the financial services sector will greatly fortify our business,” said CEO Willie Newman.