Michael J. DeVito is the new CEO of Freddie Mac, effective June 1.
Interim CEO Mark B. Grier will resume his duties as a full-time member of Freddie Mac’s board.
DeVito has more than 30 years of experience in the mortgage and financial services industry.
He spent more than 23 years at Wells Fargo and Co., rising to the level of executive vice president, head of home lending, where he was responsible for all