Fannie Mae Chief Joins Mortgage Startup Blend

Timothy Mayopoulos is the most recent example of a high profile executive moving into fintech; Mayopoulos will serve as President and will also join the board of directors; Mayopoulos shared that he became interested in fintech through being a board member at LendingClub and wanting to fix the mortgage experience; he is known for returning Fannie Mae to profitability and repaying $100 billion to the US Treasury after the financial crisis. Source