Michael Williams, BS, LeBow College of Business, Commerce & Engineering, 1980; MBA, 1983, LeBow College of Business, Business Administration. Senior Advisor, Sterling Partners
Mr. Williams serves as a Senior Advisor to the private equity firm Sterling Partners. In November 2012, Mr. Williams was named Chairman of the Board of Prospect Mortgage, LLC, a leading provider of mortgage financing in the country and a Sterling Partners portfolio company. Mr. Williams is a member of the Board of Directors of Realogy Holdings Corporation, a global leader in real estate franchising and service delivery. Previously, Mr. Williams served as Fannie Mae's President & CEO and a member of the company's Board of Directors from April 2009 through June 2012. A seasoned housing industry executive, Mr. Williams focused Fannie Mae on supporting realistic, common-sense lending, building a profitable new book of business, reducing credit losses and helping struggling home-owners, and transforming the company to better serve the housing and mortgage markets. During his tenure as CEO, the company provided over $2.7T in liquidity to the mortgage market, enabling over 8.1M homeowners to refinance their mortgage, 2.2M families to purchase a home, and 1.3M units of affordable rental housing to be constructed. As a result, the company returned to profitability in 2012, generating $7.8B in net income in the first half of the year. During his 21-year career with Fannie Mae, Mr. Williams held a number of senior roles, including EVP & Chief Operating Officer and EVP & President, eBusiness. Mr. Williams is a member of the Board of Directors for the Children's National Medical Center in Washington, DC, where he serves as Treasurer of the Board and Chair of the Finance & Investments Committee. Mr. Williams is a member of the Board of Trustees for Drexel University, where he serves on the Audit Committee and is a member of the Advisory Board for the LeBow School of Business.
May 2013
Michael Williams