Freddie Mac said that David Lowman, a long-time senior leader in the mortgage finance industry, is joining the company effective May 20, as the executive vice president for the single-family business.
At Freddie Mac, he will have broad responsibility for the single-family line of business, including managing the company's relationships with its seller/servicers, the performance of Freddie Mac's guarantee book of business, and all sourcing, servicing and business operations. Lowman will report directly to
"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," Layton said in a press release.
Lowman served as CEO of Chase Home Lending from 2006 to 2011.
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.
