Tim Mayopoulos Bio: Age, Wife, Net Worth, Children

Michael Mayopoulos, born on March 7, 1959, may have come from humble beginnings, but his academic and professional achievements were exceptional. His parents, Harry B. Mayopoulos and Eleanor Ida (Raifsnider) Mayopoulos, were a union organizer and part-time Sears store employee, respectively.

Tim Mayopoulos Biography

Mayopoulos received a bachelor’s degree in English from Cornell University in 1980 and went on to earn his juris doctor from the New York University School of Law in 1984. He worked as a law clerk for the Honorable William C. Conner of the U.S. District Court for the Southern District of New York from 1984 to 1986.

Mayopoulos joined the law firm Davis Polk & Wardell in 1986 and worked there until 1994. He then served on the Whitewater investigation as part of the Office of the Independent Counsel from 1994 to 1996.

Mayopoulos made a significant career move in 2009 when he joined the mortgage giant Fannie Mae. He served as the General Counsel and Chief Administrative Officer, overseeing the legal and human resources departments. In 2012, he became the CEO of Fannie Mae and led the company through significant changes, including a government bailout and the implementation of new policies.

Mayopoulos’ leadership style was instrumental in Fannie Mae’s success. He focused on improving the housing finance system and providing access to affordable housing for low-income families. Mayopoulos also played a key role in advocating for mortgage industry reform and testified before Congress on numerous occasions.

Mayopoulos resigned from Fannie Mae and became the CEO of Silicon Valley Bank in March, 2023.