Fannie Mae’s CEO Priscilla Almodovar Says “American Dream Is Still Very Much Alive,” But There’s A Catch

Priscilla Almodovar, CEO of Fannie Mae, is the only Latina on the Fortune 500. She talks to Michal and Alan about how she uses her platform as CEO to make housing more equitable, and recalls her Puerto Rican parents buying their first home on Long Island, N.Y., and how important a piece of the American Dream that was for them. She also discusses her experience as a woman on Wall Street; how Latinos are becoming a bigger percentage of U.S. homeowners; what she learned from Jamie Dimon; her 2024 housing outlook; and tips for first-time buyers. Leadership Next is powered by Deloitte.

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Something big is happening in the world of business. CEOs increasingly say their jobs have become less about giving orders, more about inspiring, motivating, setting a north star. They are taking the lead on big issues like climate change, worker retraining, and diversity and inclusion. They are under pressure from employees, customers and investors not just to turn a profit, but to prove they are doing good in the world. And in the process, they are fundamentally redefining the relationship between business and society. Join Fortune Executive Editorial Director Diane Brady and Editorial Director Kristin Stoller as they engage global leaders on the insights, experiences and issues you need to know.