Tim is President and Chief Executive Officer of Power Forward Communities. Tim is an experienced financial services executive and lawyer. Tim served as President and CEO of Fannie Mae from 2012 to 2018. During his tenure, Fannie Mae delivered $167 billion in dividends to the U.S. Treasury. The FDIC appointed Tim in March 2023 as President and CEO of Silicon Valley Bridge Bank, N.A. following the failure of Silicon Valley Bank; he led the bridge bank until the FDIC sold most of its assets and liabilities to another financial institution. Tim was President of Blend Labs, Inc., a mortgage and consumer banking technology company, from 2019 to 2023.

Earlier in his career, Tim served as the General Counsel of Fannie Mae, the General Counsel of Bank of America, and in senior legal roles at Deutsche Bank, Credit Suisse First Boston, and Donaldson, Lufkin & Jenrette. Tim also practiced law at Davis Polk in New York.

Tim is a member of the boards of directors of SAIC, LendingClub and Blend Labs. Tim has advised and served on the boards of multiple early-stage companies, including Bilt Technologies and Valon Technologies. He has also served on the FDIC’s Systemic Resolution Advisory Committee since 2020.

Tim earned his A.B. with distinction from Cornell University and his J.D. cum laude from New York University School of Law.