Freddie Mac has hired David B. Lowman as executive vice president for its single-family business.
Lowman served as CEO of Chase Home Lending from 2006 to 2011, overseeing $150 billion in annual production and a $1.2 trillion servicing portfolio at what was then the country's third largest mortgage originator and servicer. Prior to that, he spent a decade in senior leadership roles in various lending businesses of Citigroup, including head of CitiMortgage and Citicorp Trust Bank FSB. Before joining Citigroup, Lowman spent 11 years at The Prudential Home Mortgage Co. Inc.
‘We are extremely pleased that Dave will be joining us,’ says Freddie Mac CEO Donald H. Layton. ‘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. 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.’