Weekly Wrap: Freddie Mac CEO David Brickman resigns
Freddie Mac’s CEO, David Brickman, quietly tendered his resignation earlier this week and will be officially stepping down Jan. 8, according to a Securities and Exchange Commission filing Friday. Representatives from Freddie Mac offered no additional comment on the personnel change.
Michael Hutchins, an executive vice president in the government-sponsored enterprise’s investments and capital markets division, has been named to replace him on an interim basis.
Brickman, who has been with Freddie Mac for 21 years, was named as its CEO in 2018, after his predecessor, Don Layton, retired. Both Freddie Mac and Fannie Mae replaced their CEOs with multifamily executives amid a broader wave of political turnover at the housing-finance agencies that included Mark Calabria’s appointment as the head of the Federal Housing Finance Agency.
Bonnie Sinnock, National Mortgage News