Report: Freddie Mac Chief Planning to Leave – NMP Skip to main content

Report: Freddie Mac Chief Planning to Leave

Phil Hall
Sep 05, 2018
Freddie Mac CEO Donald Layton is reportedly seeking to leave his job and officials at the Department of the Treasury and the Federal Housing Finance Agency (FHFA) are planning to find a successor

Freddie Mac CEO Donald Layton is reportedly seeking to leave his job and officials at the Department of the Treasury and the Federal Housing Finance Agency (FHFA) are planning to find a successor.
 
According to a Bloomberg News report that cited unnamed “people familiar with the matter who asked not to be named because the discussions are private,” Layton is seeking to exit Freddie Mac in the coming months after six years at the leadership role. Layton’s departure would follow the July announcement that Fannie Mae Chief Executive Officer Timothy Mayopoulos will be leaving by the end of the year. Furthermore, FHFA Director Mel Watt’s term expires in January, which would offer a rare trifecta in having leadership vacancies at both government-sponsored enterprises and their regulator.
 
Freddie Mac spokesman Christopher Spina neither confirmed nor denied the Bloomberg report, stating, “As we’ve said consistently, when we are ready to announce something, we will.” The FHFA and Treasury declined to comment on the report.

 
Published
Sep 05, 2018
Equifax Telling Lenders Of Potential Errors In Credit Scores

About 12% of customers may have been affected, according to a source.

Industry News
May 27, 2022
Lakeview Loan Servicing Faces Multiple Lawsuits Over Data Breach

At least a dozen civil lawsuits have been filed against the company, all seeking class-action status.

Industry News
May 26, 2022
Homepoint Rolls Out Jumbo ARM Loans

Homepoint's Jumbo ARM is a strategic addition to the company’s expanding jumbo portfolio.

Industry News
May 25, 2022
Planet Home Lending Expands in Oregon

New team in Portland focuses on construction lending in the Northwest.

Career
May 24, 2022
PennyMac Cutting 207 Jobs

A wide variety of positions are affected.

Industry News
May 24, 2022
Loan Officer Charged With Bank Fraud, Identity Theft

If convicted, she faces up to 30 years in federal prison on each bank fraud count and a mandatory consecutive 2 years’ imprisonment.

Industry News
May 24, 2022