Industry veteran Tony Renzi, who joined Freddie Mac last spring as part of a major organization at the GSE, has resigned from the company effective May 11, according to a new Securities and Exchange Commission (SEC) filing.
Renzi holds the title of executive vice president of single family business, operations and information technology. He joined the company in April 2011 after being forced out of GMAC Mortgage. He also serves as a member of the company's management committee, reporting directly to CEO Ed Haldeman.
Renzi is accepting a position with a large financial services company, which was not named in the Freddie SEC filing. A company spokesman declined to name the firm.
About two years ago Renzi was forced out of the servicing division of GMAC Mortgage as part of a brutal cost cutting move at the struggling company.
At Freddie, Renzi is in charge of its single-family portfolio management, responsible for nonperforming loans, foreclosure avoidance and managing the company's servicers.
Freddie senior vice president Paul Mullings will take over Renzi's duties on an interim basis.
"Paul's significant experience at Freddie Mac, as a senior leader who has managed through a number of executive transitions, will help us make a smooth changeover," said company CEO Haldeman in a statement.