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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. ....
Fannie Mae promotes Malloy Evans to run single-family business nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
Home Point Capital Names Longtime Fannie Mae Executive Andrew Bon Salle as its Chairman of the Board News provided by Share this article Share this article ANN ARBOR, MI., Jan. 11, 2021 /PRNewswire/ Home Point Capital Inc. ( Home Point Capital ) announced today the appointment of mortgage industry veteran Andrew Bon Salle as its Chairman of the Board. Mr. Bon Salle joins Home Point Capital following a nearly 30-year tenure at Fannie Mae, where he most recently served as Executive Vice President of Single-Family Business. In that role, he managed customer engagement, the performance of the company s credit portfolio, and oversaw all Single-Family capital markets activities. ....