Page 2 - Michael Devito News Today

By Colin Kellaher Freddie Mac's chief executive, Michael DeVito, plans to retire in the first quarter of 2024. The mortgage-finance giant on Friday said its...

Freddie Mac on Friday announced that Michael DeVito will retire as CEO in the first quarter of 2024 after less than three years in the job.

The mortgage giants continued to grow their net worth as firm home prices and low default rates allowed them to release billions of dollars reserved for losses.

Michael is a long-time New England Patriots fan. He closely follows the Patriots' offseason team-building activities, including the Patriots' Draft, Free Agency, and Undrafted Free Agency. Michael also follows all Boston sports. He is also a big fan of the Chelsea Football Club in the English Premier League.

Mark and Laura Lauria will be feted at gala event

Dsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dsnews.com Daily Mail and Mail on Sunday newspapers.

The Ithaca College Board of Trustees held its spring meetings May 18–20 where members approved a $204.3 million operating expense budget for fiscal year 2023–24 and welcomed five new trustees. 

"We had a solid quarter… but there's a lot more work to be done," says CEO

The government-sponsored enterprise improved slightly upon the previous quarter's numbers, but contraction in lending remains a risk.

The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years.