Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 20, 2021, Ryan A. Zanin accepted an appointment to become the company's Executive Vice President and Chief Risk Officer, effective February 1, 2021. Mr. Zanin has over 30 years of experience in financial services and over 20 years of experience in risk management. Mr. Zanin served as President and CEO of the Restructuring & Strategic Ventures Group at GE Capital from 2015 until his retirement from General Electric in July 2018. Previously, Mr. Zanin served as Chief Risk Officer of GE Capital from 2010 to 2015 and again served in that role from November 2016 until his retirement. Before joining GE Capital, Mr. Zanin served as Managing Director and Chief Risk Officer, International Capital Markets, at Wells Fargo & Company, from 2008 to 2010, and as Chief Risk Officer, Corporate and Investment Bank at Wachovia Corporation, from 2006 to 2008. Before that, he spent 14 years in leadership roles across Deutsche Bank AG and Bankers Trust Company. Mr. Zanin is currently a member of Fannie Mae's Board of Directors. In connection with his appointment as the company's Chief Risk Officer, Mr. Zanin notified the company on January 20, 2021 of his resignation from Fannie Mae's Board of Directors, effective January 31, 2021.

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