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Western Pennsylvania Homeownership to Get $3 3 Million Boost
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Montana Homeownership to Get $3 4 Million Boost From Wells Fargo
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How these local banking executives are bringing diversity to industry
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Wells Fargo slapped with $250M fine tied to home lending practices - Minneapolis / St Paul Business Journal
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Michael J. DeVito
Freddie Mac is bringing Wells Fargo Home Lending veteran Michael J. DeVito out of retirement as its new CEO, starting June 1. At Wells Fargo, DeVito worked in loan origination, servicing, portfolio management, secondary marketing, and risk. At various points of his career, he headed up home lending production, servicing, default servicing, and loan workouts. He retired as head of Wells Fargo Home Lending in September after 23 years with the company.
DeVito’s predecessor, David Brickman, notified Freddie Mac’s board of directors on Nov. 9 that he was stepping down, effective Jan. 8. So DeVito will be taking over from interim CEO Mark B. Grier, who will go back to being a full-time board member.