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
FormFree Enters Deal To Offer Products to Lenders One Members

Mortgage Cooperative Hopes Automated Borrower Verification Tools Will Enhance Customer Experience

Industry News
Aug 03, 2021
AHP Servicing Names Charles Halko Jr. CFO

Brings 30-Years Of Experience to Chicago-Based Servicer

Industry News
Aug 03, 2021
Ready Capital Announces Deal To Acquire Red Stone

Real Estate Finance Company Expands In Multi-Family Affordable Housing Sector

Industry News
Aug 03, 2021
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021