Herbert M. Allison Jr.

Definition of 'Herbert M. Allison Jr.'


Became the president and CEO of Fannie Mae in 2008. Fannie Mae is a government sponsored enterprise that works with mortgage lenders to ensure liquidity and stability in the U.S. housing market. Before joining Fannie Mae, he was chairman, president, and CEO of TIAA-CREF. Allison Jr. began his career with Merrill Lynch and worked there for more than two decades.

Investopedia explains 'Herbert M. Allison Jr.'


Allison Jr. has also been a director of Time Warner, Merrill Lynch, Financial Engines, the NASDAQ, the New York Stock Exchange and several other companies. He was born in Pittsburgh in 1943, spent four years in Vietnam as a member of the U.S. Navy and earned an MBA from Stanford University.



comments powered by Disqus
Hot Definitions
  1. Jensen's Measure

    A risk-adjusted performance measure that represents the average return on a portfolio over and above that predicted by the capital asset pricing model (CAPM), given the portfolio's beta and the average market return. This is the portfolio's alpha. In fact, the concept is sometimes referred to as "Jensen's alpha."
  2. Direct Bidder

    An entity that purchases Treasury securities at auction for a house account rather than on behalf of another party.
  3. Mortgage Modification

    A permanent change in a homeowner's home loan terms that makes the monthly loan payments affordable.
  4. Leveraged Benefits

    The use – by a business owner or professional practitioner – of their company’s receivables or current income to secure a loan whose proceeds then indirectly fund a retirement plan.
  5. Direct Consolidation Loan

    A loan that combines two or more federal education loans into a single loan. A Direct Consolidation Loan allows the borrower to make a single monthly payment. The loan is facilitated by the U.S. Department of Education and does not require borrowers to pay an application fee.
  6. Through Fund

    A type of target-date retirement fund whose asset allocation includes higher risk and potentially higher return investments "through" the fund's target date and beyond.
Trading Center