Report: Freddie Mac Chief Planning to Leave

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.

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.

About the author

Phil Hall

Link copied

Published

Sep 05, 2018

Analysis and Data

It's A Buyers' Market In Texas And Florida

Redfin says sellers are cutting their asking prices in Florida and Texas.

Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers. A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...

Analysis and Data

Pending Home Sales Climbed 3.4% In March

National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest

Homes under contract are rising at a cautiously hopeful pace this spring. The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%. “March's Pending Home Sales Index – at...