Report: Freddie Mac Chief Planning to Leave
September 5, 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.