Nadine Bates plays an integral role at Fannie Mae, leading more than 40 people across six teams to support the mortgage-backed securities market. Bates’ legacy at Fannie Mae includes helping to develop its benchmark debt issuance program, which serves as an industry model.
In the past year, her leadership enabled her teams to:
- Increase mortgage liquidity for more than 350 small- and medium-sized lenders in the secondary MBS market through transacting in over $400 billion of mortgage-backed securities
- Successfully fund the company’s $325 billion balance sheet
- Hedge the company’s interest rate risk via a $332 billion derivatives book
- Manage the company’s $88 billion liquidity portfolio
Bates has also supported her partners to effectively market capital markets programs, including Fannie Mae’s credit risk sharing securities, non-performing loan sales, RPL securitizations, guar- anteed multifamily structures and the single security initiative.
Outside of her day-to-day role as the company’s treasurer, Bates serves on eight enterprise-level risk committees as well as the Benefits Plan Committee, the Diversity Advisory Council and the Women’s Employee Resource Group.
“Nadine was an industry leader as firms navigated the requirements of Dodd-Frank, changing the way interest rate hedging is executed, and she was an early adopter of exchange-traded interest rate swaps,” her nominator wrote. “Nadine’s vision was integral in changing the entire market structure for how Fannie Mae hedged and funded its operations through programmatic bullet issuance, known as the Fannie Mae Benchmark Note program.”