Donald Layton tapped to head Freddie Mac

“I look forward to working with him in achieving the goals of conservatorship,” he said. 

Freddie has received around $73 billion in taxpayer help to keep it afloat since the government took it over during the financial crisis in September 2008. 

“Don brings strong executive leadership and a deep understanding of financial markets at a pivotal time for Freddie Mac,” said Christopher Lynch, Freddie Mac’s non-executive chairman. 

“His operating experience, analytical rigor and boundless energy make Don the right leader to continue our important work of supporting the nation’s housing market and helping America’s families, and to guide Freddie Mac in helping build a stronger framework for the future of housing finance,” Lynch said.

During his time at JPMorgan Chase, Layton’s responsibilities spanned capital markets and investment banking, consumer banking and operating services.

From 2002 to 2004, he was responsible for the company’s Chase Financial Services unit, which included the fourth largest mortgage firm in the United States. 

He also served as a senior adviser to the Securities Industry and Financial Markets Association from 2006 to 2008 and is chairman of the board of the Partnership for the Homeless, a nonprofit dedicated to reducing homelessness in New York City. 

Layton received simultaneous bachelor’s and master’s degrees in economics from the Massachusetts Institute of Technology and an MBA from Harvard Business School.

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