After six years with the company, David Lowman is stepping down from his position as executive vice president of the single-family business for Freddie Mac.
Donna Corley, senior vice president and single-family chief risk officer, will be named interim head of single-family, the company announced.
Lowman joined Freddie Mac in 2013. During his tenure, he helped enhance the company’s affordable housing efforts and developed numerous technological advancements for its customers.
Corley’s record of accomplishment at Freddie Mac spans more than 24 years, with deep expertise in risk management, capital markets and pricing.
As chief risk officer, Corley has led a team of 500 employees responsible for analyzing, modeling and managing the risks that impact our single-family business.
In this interim role, she will oversee single-family’s relationships with its seller/servicers, the performance of its guarantee book, and all sourcing, servicing and business operations.
“Dave Lowman has helped transform Freddie Mac’s single-family business into a modern, innovative market leader,” says David Brickman, CEO of Freddie Mac, in a release. “I thank him for his service and congratulate him on a distinguished career.”
Lowman says he is leaving the company “to take advantage of opportunities presented by the rapidly evolving mortgage finance marketplace and its adjacent industries.”
“It’s been a great run, and I would like to thank my colleagues and my team for their many contributions to the overall growth and success of our business,” Lowman says.
Freddie Mac says it is considering both external and internal candidates for Lowman’s position.