Fannie Mae Appoints Susan McFarland as Chief Financial Officer

WASHINGTON, June 22, 2011 -

- Industry veteran
joins management team focused on strengthening Fannie Mae to best
serve the market

Fannie Mae (OTC Bulletin Board: FNMA) announced Susan R.
McFarland will be the company’s new executive vice president and
chief financial officer (CFO) effective July 11, 2011. McFarland
joins Fannie Mae from Capital One Financial Corporation, one of the
top ten banks in America, where she served as executive vice
president, Finance and Principal Accounting Officer. McFarland will
serve on Fannie Mae’s executive committee and report to Michael J.
Williams, president and chief executive officer (CEO).

“Susan is an outstanding addition to our management team as we
continue to strengthen Fannie Mae’s business and position the
company to most effectively serve the market in the future,” said
Michael J. Williams, president and CEO. “She has a proven record of
accomplishment in consumer and retail financial services; seasoned
leadership abilities; and strong business instincts which have been
proven time and again. Susan will lead our excellent team in
finance and work across the company to help move Fannie Mae
forward.”

In her most recent role as EVP, Finance and Principal Accounting
Officer at Capital One, McFarland led a team of 500 professionals
and placed high priority on talent development and management.
McFarland also spent 16 years at Bank One as it built out its
consumer franchise where she participated in ongoing initiatives to
make the company more efficient and competitive in the market. She
has a strong background in accounting, controls and operating
finance and has had responsibility for tax, budgeting/forecasting,
financial planning/analysis and financial systems. She has worked
in both operating and enterprise-wide roles.

McFarland is a graduate of Texas A&M University and a
graduate of the Stanford University executive program. She lives in
Richmond, Virginia.

Fannie Mae exists to expand affordable housing and bring
global capital to local communities in order to serve the
U.S. housing market. Fannie Mae has a federal charter and
operates in America’s secondary mortgage market to enhance the
liquidity of the mortgage market by providing funds to mortgage
bankers and other lenders so that they may lend to home buyers.
 Our job is to help those who house
America.

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Amy Bonitatibus, +1-202-752-4144