GENERAL SESSION: GSE Update

2025 MBA Chair; President, Lennar Mortgage

Laura Escobar is the 2025 MBA Chair and President of Lennar Mortgage. A 30-year mortgage industry veteran, Escobar has held leadership positions with both bank-owned and independent mortgage companies overseeing all aspects of mortgage banking, including production, operations, compliance, accounting, and training. Her personal ground level experience in every facet of mortgage lending has enabled her to manage and fully integrate all of these departments within Lennar Mortgage. Escobar is highly engaged in the industry, serves on MBA’s Board of Directors, and was co-chair of MBA’s IMB Executive Council from 2020–2022. She is also a director of the MBA Opens Doors Foundation, which she has supported by successfully fundraising for the foundation’s work and leading Lennar in company campaigns. Beyond her industry work, she is also a licensed mental health counselor and devotes much of her time to working with underprivileged women.

President and Chief Executive Officer, Fannie Mae

Priscilla Almodovar is President and Chief Executive Officer of Fannie Mae, a leading provider of mortgage financing in the United States, and serves on Fannie Mae’s board of directors. With deep expertise in America’s housing finance system, Priscilla leads a company whose mission is to facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America. Prior to joining Fannie Mae, Priscilla was President and CEO of Enterprise Community Partners, a national organization focused on investing and increasing the supply of affordable housing. Previously, Priscilla was a Managing Director at JPMorgan Chase, where she led two of the firm’s national real estate businesses. Earlier in her career, she was President and CEO of the New York State Housing Finance Agency and the State of New York Mortgage Agency. Priscilla started her career as a partner at the global law firm, White and Case LLP, specializing in international project finance. Priscilla is a board member of Realty Income (NYSE: O), a real estate investment trust. She also serves on the board of New York Road Runners, a non-profit established to help and inspire people through running.

President, Freddie Mac

Mike Hutchins is president of Freddie Mac. He is a member of the company's senior operating committee. The leaders of the company's Single-Family, Multifamily, Investments and Capital Markets and Enterprise Operations and Technology divisions report to him. Hutchins has worked in the financial services industry for over 30 years. Most recently, he was co-founder and CEO of PrinceRidge. Prior to founding PrinceRidge, he was with UBS from 1996–2007, holding a variety of positions, including the global head of the Fixed Income, Rates and Currencies Group. Prior to UBS, Hutchins worked at Salomon Brothers from 1986–1996, and held a number of management positions, including co-head of Fixed Income Capital Markets.