Fannie Mae
From April 1996, Sherman became founding President and CEO of the newly created Fannie Mae Foundation, which was developed by Fannie Mae and endowed with $350 million in Fannie stock, with the goal of promoting home ownership and mortgages across wider sectors of American society. She has also been a member of the operating committee of Fannie Mae. At Fannie Mae, she set in place the groundwork for the newly recreated foundation.