David B. Lowman, a long-time senior leader in the mortgage finance industry, is joining ""Freddie Mac"":http://www.freddiemac.com/ as EVP of the Single-Family Business effective May 20, the company announced.
[IMAGE]Lowman served as CEO of Chase Home Lending from 2006-2011, overseeing $150 billion in annual production and a $1.2 trillion servicing portfolio at what was then the [COLUMN_BREAK]
country's third largest mortgage originator and servicer. Before that, he spent a decade in senior leadership roles in various lending businesses of Citigroup, including head of CitiMortgage and Citicorp Trust Bank, FSB. He started his career in the Washington, D.C., office of KPMG, where his clients included banks, thrifts, and mortgage bankers.
At Freddie Mac, Lowman will have broad responsibility for the single-family line of business, including managing relationships with the company's seller/servicers, the performance of Freddie Mac's guarantee book of business, and all sourcing, servicing, and business operations.
""We are extremely pleased that Dave will be joining us. He has spent more than three decades in the mortgage business, has broad experience in virtually all aspects of mortgage finance, and already has well established relationships with many of our customers,"" said Freddie Mac CEO Donald H. Layton. ""He is a smart, highly effective executive and I am confident that he will make a major contribution to Freddie Mac as we continue to improve how we serve our customers and support the nation's housing recovery.""