WASHINGTON, DC – The Board of Directors of Fannie Mae (FNM/NYSE) today announced Beth Wilkinson has been appointed Executive Vice President and General Counsel, and Bill Senhauser has been appointed Senior Vice President and Chief Compliance Officer.
As Chief Compliance Officer, Bill Senhauser will lead the Office of Compliance, Ethics and Investigations at Fannie Mae, reporting to the chief executive officer and to the Compliance Committee of the Board on compliance and ethics issues and on any open investigations, both internal and external. He will be responsible for developing and carrying out corporate policies related to compliance, ethics and investigations; overseeing legal and regulatory compliance and reporting to senior management and the Board; developing and promoting a code of ethical conduct; evaluating and investigating any allegations of misconduct in a thorough, effective, and fair way; and overseeing and coordinating regulatory reporting and exams. As a member of Fannie Mae’s senior management team Senhauser will be responsible for participating in senior management decision-making processes and particularly for maintaining an active dialogue with heads of other control functions, including the Chief Audit Executive, and the General Counsel.
“As Fannie Mae continues to strive toward building an open, productive and transparent relationship with our regulator, Bill’s experience working with OFHEO over the past year was critical. In his new role of ensuring that Fannie Mae operates with the highest standards of ethics and integrity throughout the company, Bill’s remarkable energy and abilities, extensive legal background, strong sense of justice, and a passion for Fannie Mae’s mission will be key. As Chief Compliance Officer, Bill will have an impact on all aspects of the company and will work closely with the Board of Directors,” said Mudd.
Prior to his appointment as Chief Compliance Officer, which followed a nationwide search, Senhauser was vice president of the Regulatory Agreements and Restatement Team. In his new capacity, he will continue to be responsible for the team carrying out the mandates in the company’s September 2004 and March 2005 agreements with OFHEO, the Office of Federal Housing Enterprise Oversight. Senhauser comes to this role following an extensive career in fair housing and equal rights. He joined Fannie Mae in 1999 as Vice President and Deputy General Counsel, responsible for fair lending and anti-predatory lending compliance.
Prior to joining Fannie Mae, he was Executive Director of the Equal Justice Foundation; Senior Trial Attorney, U.S. Department of Justice, Civil Rights Division; and has several times served as a special master or mediator for class actions pending before the U.S. District Court, for the Districts of California and the District of Columbia. Senhauser received his J.D. from Vanderbilt University School of Law, and his bachelors from Dartmouth College.