Our Leaders
Our Leadership
Michael DeVito
Chief Executive Officer
Michael DeVito is Chief Executive Officer of Freddie Mac, one of the largest providers of mortgage financing in the United States. He is also a member of the company's Board of Directors.
As CEO, DeVito is dedicated to achieving Freddie Mac’s mission to support a liquid, stable and affordable housing finance system. To achieve this, he is focused on three key priorities: practicing risk management excellence to ensure the company’s safety and soundness through the economic cycle, growing talent to develop the next generation of leaders, and building financial strength through strong financial and business results.
DeVito brings more than 30 years of experience in the mortgage and financial services industry to Freddie Mac. He spent more than 23 years at Wells Fargo and Company, rising to the level of Executive Vice President, Head of Home Lending, where he was responsible for all aspects of the company’s mortgage and home equity business.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Mike Hutchins
President
Mike Hutchins is president of Freddie Mac. He is a member of the company's Senior Operating Committee and reports to the chief executive officer.
The leaders of the company's Single-Family, Multifamily, Investments & Capital Markets and Enterprise Operations & Technology divisions report to him.
Hutchins has worked in the financial services industry for over 30 years. Most recently, he was co-founder and CEO of PrinceRidge. Prior to founding PrinceRidge, he was with UBS from 1996–2007, holding a variety of positions, including the global head of the Fixed Income, Rates & Currencies Group. Prior to UBS, Hutchins worked at Salomon Brothers from 1986–1996, and held a number of management positions, including co-head of Fixed Income Capital Markets.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Wendell Chambliss
Senior Vice President and Chief Diversity and Inclusion Officer
Wendell Chambliss is senior vice president and chief diversity and inclusion officer at Freddie Mac. A member of the company's senior operating committee, he reports directly to CEO Michael DeVito.
Chambliss is responsible for advancing Freddie Mac’s Board-approved diversity, equity and inclusion (DEI) strategic plan, further embedding DEI in the enterprise’s business practices and the housing industry. In his role, Chambliss has oversight of workforce diversity, supplier diversity and use of minority- women- and disabled-owned businesses in financial transactions. He leads a team that works across the company to attract, engage and develop employees, diverse suppliers and business partners in support of DEI. He is also responsible for the enterprise's community outreach program and compliance with diversity requirements mandated by law and directed by Freddie Mac's regulator and conservator, the Federal Housing Finance Agency.
Most recently, Chambliss served as deputy general counsel responsible for providing legal and regulatory guidance regarding Freddie Mac’s charter, affordable housing goals, fair lending and mission-focused activities. Prior to joining Freddie Mac in 1999, Chambliss was in private practice and worked on Capitol Hill as a staff member in the U.S. Senate and the U.S. House of Representatives.
Chambliss earned a bachelor’s degree in political science from Tulane University and a juris doctorate from the Tulane University School of Law.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
John Glessner
Senior Vice President and Head of Investments & Capital Markets
John Glessner was named Senior Vice President and Head of the Investments and Capital Markets Division in April 2021. He is responsible for managing all of Freddie Mac's liquidity, financing, securitization, and derivative activities as well as managing Freddie Mac's portfolio of single-family securities and loan investments. He is a member of the Senior Operating Committee.
Previously, Glessner served as Freddie Mac's Senior Vice President of Asset & Liability Management and Treasurer. In this role, he was responsible for overseeing Freddie Mac's corporate treasury function, liquidity management and interest-rate hedging activities. He also oversaw counterparty credit risk activities and led efforts to offer secured lending to Freddie Mac investors and customers.
Glessner has been with Freddie Mac for almost 22 years – previously working in areas including the Securities Sales & Trading Group as well as the Collateralized Mortgage Obligation (CMO) and Cash Window desks. Prior to re-joining the firm in 2010, he held various trading positions at the Friedman, Billings, Ramsey Group and GMAC ResCap.
He earned a BS in Mechanical Engineering from the University of Virginia.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Dennis Hermonstyne Jr
Senior Vice President and Chief Compliance Officer
Dennis Hermonstyne Jr. was named senior vice president & chief compliance officer (CCO) in September 2022. As chief compliance officer, Hermonstyne oversees and leads Freddie Mac’s Compliance Risk Management program for the company’s regulatory and conservatorship obligations. He is a member of the senior operating committee, working closely with Chief Risk Officer Anil Hinduja, and reports directly to Chief Executive Officer Michael DeVito.
Hermonstyne brings over 20 years of experience managing compliance programs for national banks and international financial services companies to Freddie Mac. He most recently served as the Executive Vice President and Chief Compliance Officer of Santander Bank, N.A., based in Boston, where he was responsible for overseeing the bank’s strategic compliance program and the policies and procedures for compliance vulnerability across the company, as well as promoting a culture of compliance within Santander Bank and each of its subsidiary businesses. Prior to joining Santander in 2017, Hermonstyne was the Deputy Chief Compliance Officer of E*TRADE Bank. His experience also includes several legal positions at federal regulatory agencies, including the Board of Governors of the Federal Reserve System.
Hermonstyne holds a Bachelor of Science in Finance from Georgetown University and a Juris Doctor degree from Catholic University Columbus School of Law. Hermonstyne is a Certified Regulatory Compliance Manager (CRCM). Hermonstyne is a Board member of Potomac Community Resources, Inc. (PCR). PCR is an award-winning 501(c)(3) nonprofit organization that encourages and supports the full inclusion of persons with intellectual and developmental differences into all aspects of community life.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Anil Hinduja
Executive Vice President and Chief Risk Officer
Anil Hinduja is executive vice president and chief risk officer. He is a member of the senior operating committee. In his role, Hinduja is responsible for providing the overall leadership and direction for the company's Risk Management practice, and for leading an integrated risk management framework for all aspects of risk across the entire company.
Hinduja's decades-long career has been mostly spent at Citigroup. Over the years he has acquired in-depth experience managing risk in global consumer businesses, especially mortgages, both as a credit risk manager and as the head of a mortgage business. He joined Freddie Mac from Barclays PLC, where he served in increasingly broader risk management roles beginning in 2009. He held the position of chief risk officer for Barclays Africa Group Limited, which is majority owned by Barclays Bank PLC. Prior to assuming that role in 2013, Hinduja was group credit director for retail credit risk after serving as chief risk officer for Barclays' retail bank in the U.K.
Prior to joining Barclays, Hinduja spent 19 years at Citigroup in diverse roles with increasing responsibility across finance, operations, sales and distribution, business and risk management in global consumer businesses. In risk, he was director for global consumer credit risk and then chief risk officer for the consumer lending group, where he was responsible for managing risk in the mortgage, auto and student loan businesses. His tenure at Citigroup culminated in his term as president and CEO of Citi Home Equity.
Hinduja holds a Bachelor of Commerce degree from Sydenham College in India and an M.B.A. in Accounting from the University of Cincinnati.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Laura Lee
Senior Vice President and the General Auditor
Laura Lee is Senior Vice President and the General Auditor of Freddie Mac. She reports directly to the Audit Committee of Freddie Mac’s Board of Directors.
In this position, Lee directs the Internal Audit Division, which is responsible for all internal audit activities. Lee joined Freddie Mac in 2013 as Vice President and Assistant General Auditor focusing primarily on the Single-Family division, Enterprise Operations, and the Chief Administrative Office.
Lee has over 25 years of experience in the banking and real estate industry. She has previously worked in the KPMG Banking and Real Estate practice, the KPMG National Mortgage practice and at Fannie Mae.
Lee also serves as a board and finance committee member of the Junior Achievement of Greater Washington, a group that partners with the area’s school systems to bring unique programming that brings learning to life, reinforces new concepts, and supports core competencies needed for an ever-changing economy.
Lee is a Certified Public Accountant in Virginia and holds a Certification in Risk Management Assurance. She has a Bachelor of Accounting from the University of Alabama in Huntsville.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Christian Lown
Executive Vice President and Chief Financial Officer
Christian M. Lown is executive vice president and chief financial officer. In this position he is responsible for the company's financial controls, accounting, investor relations, financial planning and reporting, tax, capital oversight and compliance with the requirements of Sarbanes-Oxley (SOX). He is a member of the senior operating committee and reports directly to CEO David Brickman.
Lown has more than 25 years of banking and finance experience. He was previously EVP and CFO at Navient Corporation. Prior to joining Navient in 2017, he was managing director, Financial Institutions Group at Morgan Stanley, where he co-led the Global FinTech and North America Banks and Diversified Finance investment banking practices. Lown joined Morgan Stanley in 2006 from UBS Investment Bank, where he served as director, Financial Institutions Group and director, Asian Equity/Derivative Sales.
Before joining UBS in 2004, Lown held various positions at Credit Suisse First Boston, Peregrine Investment Bank, and Credit Lyonnaise Global Emerging Markets.
Lown holds an MBA from The University of Virginia’s Darden Graduate School of Business Administration, and a Bachelor of Arts in International Relations from Lynchburg College.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Heidi Mason
Executive Vice President and General Counsel
Heidi Mason is executive vice president and general counsel of Freddie Mac. In this role, she oversees all legal and regulatory strategies, services and resources. She also manages all corporate governance matters.
Mason brings over 25 years of experience from across the legal spectrum, including mortgage lending and servicing, fair lending, credit access and regulatory matters, among others.
Previously, Mason spent 17 years at Wells Fargo, serving as executive vice president and senior deputy general counsel. During her tenure at Wells Fargo, Mason led the legal support for all of its consumer businesses, including mortgage operations. She previously served as head of the Wells Fargo corporate legal team, where she oversaw enterprise-wide legal support of corporate governance, securities, banking regulatory matters, employment law, and a host of other areas. Just prior to joining Freddie Mac, Mason served as a partner at ElevateNext Law, a majority-woman owned law firm that provided legal, consulting and regulatory compliance services to financial services companies across the United States.
Mason holds a bachelor’s degree from Iowa State University and a juris doctorate from Georgetown Law Center.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Frank Nazzaro
Executive Vice President, Enterprise Operations & Technology
Frank Nazzaro is Executive Vice President, Enterprise Operations & Technology. He provides corporate-wide leadership that enables and transforms Freddie Mac’s business through operational resilience and technology innovation. He is a member of Freddie Mac’s senior operating committee.
Nazzaro is an accomplished senior technology executive with more than 20 years of experience in the financial services industry. With an in-depth knowledge in infrastructure and applications, he brings a wealth of experience in transformational technology activities and strong leadership capabilities essential to Enterprise Operations & Technology’s strategic priorities, including risk mitigation, resilience and technology modernization, working to build a world-class operating system and enabling employee performance with the tools and resources they need.
He joined Freddie Mac in 2018 as Senior Vice President and Chief Technology Officer leading Enterprise Technology Solutions. In this position, he played a pivotal role in the effort to modernize Freddie Mac’s infrastructure, manage environments and deliver competitive technology solutions to employees and customers. He was appointed Executive Vice President and Chief Information Officer in 2019 and assumed his current role in 2021.
Previously, Nazzaro served as Group Vice President and CTO for Travelport LLC, where he led cloud architecture, infrastructure and operations globally. Before that, he worked as CTO at CIT Group where he was responsible for Transformation, Architecture, Technology Strategy and IT Infrastructure. He has held several senior technology and management roles at RBC Capital Markets, Bridgewater and UBS.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Kevin Palmer
Senior Vice President and Head of Multifamily
Kevin Palmer is senior vice president and head of Freddie Mac Multifamily, leading all aspects of the division’s efforts to provide stability, liquidity and affordability throughout the rental housing market.
Freddie Mac Multifamily is a leader in the secondary multifamily mortgage market, purchasing conventional, targeted affordable, small balance, student and seniors housing loans from its network of lenders. The division is also a pioneer in credit risk transfer (CRT), having securitized more than $500 billion in loans through its K-Deal® platform. The vast majority of the loans it purchases support rental units that are affordable to low- and moderate-income households.
A longtime Freddie Mac veteran, Kevin previously led Portfolio Management for the company’s Single-Family Division, including supervision of Freddie Mac's nearly $3 trillion guarantee book of business including servicing, pricing and analytics, and oversight of its real estate-owned portfolio. He also led Single-Family CRT. In his more than 20 years at Freddie Mac, Kevin has held various capital markets and risk management positions.
Palmer holds an MBA in Finance from Virginia Tech and a Bachelor of Arts in Economics from Weber State University.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Ravi Shankar
Senior Vice President and Head of the Single-Family Portfolio & Servicing Division
Ravi Shankar is the senior vice president and head of the Freddie Mac Single-Family Portfolio & Servicing Division. He is responsible for portfolio management, servicing and the operations and technology that support these activities. He is a member of Freddie Mac’s senior operating committee.
Mr. Shankar brings over three decades of experience managing multibillion-dollar finance, capital markets, portfolios and mortgage trading operations. A financial services veteran whose previous tenure at Freddie Mac spanned from 2013 to 2019, he served initially as senior vice president of Single-Family Portfolio Management and then as deputy head of the Investments & Capital Markets Division.
Before joining Freddie Mac in 2013, he spent seven years at JP Morgan Chase in several key roles, including chief financial officer, head of Capital Markets and portfolio manager at Chase Home Finance. Prior to that, he worked in various senior positions with Citigroup for 16 years.
Mr. Shankar holds a Bachelor of Commerce degree from the University of Delhi, India. He is also a Fellow Member of the Indian Institute of Chartered Accountants.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Dionne Wallace Oakley
Senior Vice President and Chief Human Resources Officer
Dionne Wallace Oakley is senior vice president and chief human resources officer at Freddie Mac. She is a member of the company’s senior operating committee and reports directly to CEO Michael DeVito.
Wallace Oakley is responsible for the company's human capital strategy, future of work and employee engagement efforts focused on growing talent for today and tomorrow. She leads a team of experts who deliver best-in-class practices in talent management, compensation, rewards and recognition, and total well-being, along with HR solutions such as workforce technology, strategic workforce data, analytics and insights, among others, to position Freddie Mac as an employer of choice.
Prior to Freddie Mac, Wallace Oakley served as executive vice president, Human Resources and Strategy at Erie Insurance. Prior to Erie, she spent more than two decades at State Farm Insurance where she progressed through multiple geographies, positions and disciplines ranging from underwriting, public affairs, auto claims, agency recruiting and human resources.
Wallace Oakley earned a bachelor's degree in marketing and business from Delaware State University and a master's in human resource development from Towson University in Baltimore. She is a member of the Delta Sigma Theta Sorority, Inc. and a board member of the HR Policy Association.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
Our Leadership
Jerry Weiss
Executive Vice President and Chief Administrative Officer
Jerry serves as the company’s senior executive liaison to the Federal Housing Finance Agency and the U.S. Department of the Treasury. He oversees Government and Industry Relations and Public Policy, Public Relations and Corporate Marketing, Internal Communications, Regulatory Affairs, Conservatorship and Corporate Strategic Initiatives, Corporate Services, Economic and Housing Research, and Making Home Affordable – Compliance organizations. Weiss also serves as a member of the board of Common Securitization Solutions, the government-sponsored enterprises’ joint venture to establish a universal platform for issuing and managing agency mortgage-backed securities. Weiss reports directly to CEO Michael DeVito.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog MyHome.FreddieMac.com/blog.
View our Board of Directors