Career
Almodovar started her career at the New York-based law firm White &Case, [9] where she served as a corporate finance partner for 14 years. [10]
In 2005,she joined Eliot Spitzer's New York gubernatorial campaign as deputy policy director. [11] After the election,Almodovar took leadership of the New York State Housing Finance Agency and the State of New York Mortgage Agency. [12]
In 2010,Almodovar joined JPMorgan Chase as a managing director, [13] and went on to lead two business segments:community development banking and real estate banking. [14] [15] In 2016, Affordable Housing Finance identified Almodovar as one of the most influential women in the real estate industry. [16]
Almodovar joined Enterprise Community Partners as its president and chief executive officer in 2019. [17] In 2020,she oversaw the creation of Enterprise's five-year,$3.5 billion affordable housing initiative. [5]
In February 2021,Almodovar joined the board of directors of Vereit,a Phoenix-based real estate investment trust. [18] In November 2021,Realty Income acquired Vereit,and Almodovar joined Reality Income's board. [19]
Almodovar became the chief executive officer of Fannie Mae in 2022. [20] She also joined the board of directors of the government-sponsored enterprise. [21] In 2024, Forbes included her on its Most Powerful Women list,noting that she was the "only Latina leading an S&P 500 company." [22] Fortune included her on its Most Powerful Women list that same year and the next. [23] [24] She also assumed the additional title and capacities of president of Fannie Mae that year. [4] On October 22,2025,Fannie Mae announced that Almodovar would be leaving Fannie Mae. [25]
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