DeVito, who has worked in the mortgage and financial services industry for more than 30 years, was most recently head of home lending at Wells Fargo.
Interim CEO Mark Grier resumes his role as a full-time Freddie Mac board member.
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The Rise of Digital Mortgages in Lending: How Tech Innovations are Reshaping the Market Explore the rise of digital mortgages and how technology innovations are transforming the lending market. Learn about AI, blockchain, and digital platforms reshaping the mortgage industry.
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Freddie Mac Names Michael DeVito As CEO
Freddie Mac’s board of directors has appointed Michael DeVito as its new CEO, the mortgage-finance giant announced.
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