Executives Legend
The color legend to the right illustrates the various backgrounds for the top executives in the residential real estate industry.

Michael DeVito

Freddie Mac
While the Freddie Mac board searches for his successor, DeVito remains CEO of the agency that plays a critical role in maintaining liquidity in the nation’s residential real estate mortgage market. He announced in September his retirement from the role he held for under three years. He intends to retire in the first quarter of 2024. Before coming to lead Freddie Mac, DeVito served as executive vice president of home lending at Wells Fargo and Company.