David Benson has served as a member of the Board of Directors since 2025 and serves as a member of the Audit Committee and Risk Committee. Mr. Benson has over 30 years of management and operational experience in the areas of mortgage credit, finance and capital markets. From 2002 to 2024, Mr. Benson held a succession of senior executive positions with Federal National Mortgage Association (Fannie Mae), the largest provider of mortgage credit in the United States with over $4 trillion in assets. Most recently, Mr. Benson served as the president of Fannie Mae from August 2018 until his retirement in May 2024, overseeing each of Fannie Mae’s business units, single-family residential and multifamily, as well as several corporate functions, including finance, IT, operations, strategy, human resources and communications. Mr. Benson also served as Fannie Mae’s interim chief executive officer from May 2022 to December 2022. Prior to that, Mr. Benson held a range of leadership roles with Fannie Mae, including executive vice president and chief financial officer, executive vice president—capital markets, securitization & corporate strategy, and treasurer. From 1988 to 2002, Mr. Benson held various roles with Merrill Lynch & Co., Inc., including in the areas of risk management, trading, debt syndication and e-commerce. Mr. Benson currently serves as a director of Opendoor Technologies, Inc., an e-commerce platform for residential real estate transactions. Mr. Benson holds a BS in Psychobiology from the University of California, Los Angeles, an MBA from Stanford University, and an MD from Harvard Medical School.