Michaelj Devito News Today

One really successful company can often have a ripple effect that spreads across a broader community. You might not think your line of work has much to do with what they're doing over at that massive...

Net Income Surges by 65% in Q4; Comprehensive Income Reaches $3.1 Billion

Freddie Mac CEO says financial results show the GSE "delivered on its mission" in 2023 and "meaningfully increased its net worth."

MCLEAN, Va., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today that Michael J. DeVito has informed the Board of Directors of...

Falls Church, Va., June 26, 2023 (GLOBE NEWSWIRE) -- The Federal Housing Finance Agency, Fannie Mae, and Freddie Mac should be transparent as they develop final lending requirements for condominiums

Freddie Mac Reports Net Income of $2.0 Billion for First Quarter 2023 ... | May 3, 2023

Freddie Mac, the McLean, Va.-based government-sponsored enterprise, today said net income increased 37% in the first quarter of 2022 from a year earlier, driven by higher net revenues and a credit reserve release in its Single-Family unit. Freddie Mac reported net income of $3.8 billion for the quarter, up 38% from the fourth quarter and up 37% from $2.8 billion in the first quarter of last year. 

Basic and diluted 3,234 3,234 3,234 ... | October 29, 2021

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, Dav...