Frank Nazzaro Named CIO at Freddie Mac

Phil Hall

Oct 17, 2019

Freddie Mac has promoted Frank Nazzaro to executive vice president and chief information officer (CIO).

Nazzaro joined Freddie Mac in 2018 as Chief Technology Officer (CTO) has been Acting CIO since May. Earlier in his career, he served as Group Vice President and CTO for Travelport LLC and as CTO at CIT Group.

“Frank has demonstrated that he is the right person at the right moment to deliver technology solutions that make us faster, smarter and more efficient,” said David Brickman, Freddie Mac chief executive officer. “I look forward to his leadership in creating a world class operating platform that delivers lasting benefits for our company while responsibly managing our risks.”

“It’s a pivotal and exciting time to be at Freddie Mac. We’re not only transforming our infrastructure and tools, we’re modernizing the way we work,” said Nazzaro. “I’m honored to have the opportunity to further advance our technology strategy, which is key to better and more resilient systems that protect our company while meeting the demands of our customers and employees.”

Link copied

Community

CMG Financial Names New Area Sales Manager

Dan Humes was named area sales manager for CMG Financial.

CMG Financial, a mortgage-banking firm headquartered in San Ramon, CA, hired of Dan Humes as area sales manager. According to CMG Humes' Texas roots plus his leadership experience will be instrumental in growing the company's presence across North and East Texas, Arkansas, O...

Analysis and Data

Homebuying Demand Declines As Prices Still Soar Out Of Buyers' Budgets

A new report revealed that new listings are holding up better than pending sales and are inching quite close to 2019 levels.

Heavy competition in the housing market continues to drive home prices up, but home tours, offers and pending sales have slowed, according to a new report from Redfin. New listings, a key lever for home sales growth, have held up better than pending sales and are inching up ...