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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 10 April 2024 M O V E R S & S H A K E R S Government FREDDIE MAC NAMES INTERIM CEO Freddie Mac has announced the appointment of President Michael T. Hutchins to the additional role of Interim CEO as the company continues its search for a permanent CEO. Hutchins will also become a member of Freddie Mac's Board of Directors. Hutchins was named President of the GSE in 2020 and is a member of the company's Senior Operating Committee. He will continue serving as President and took on the role of Interim CEO and Board member effective March 16, following the departure of CEO Michael J. DeVito, who stepped down on March 15. "Mike Hutchins is a proven leader who brings a deep understanding of every aspect of Freddie Mac to the role of Interim CEO," said Lance Drum- mond, non-executive Chair of Freddie Mac's Board of Directors. "In addition to his knowledge of Freddie Mac, Mike's decades of experience in housing and financial services is invaluable as the company navigates a challenging market to Make Home Possible for borrowers and renters across the nation." Hutchins has worked in the financial services industry for more than 30 years. He began his career at Freddie Mac in 2013, serving as SVP and then EVP of In- vestments and Capital Markets. In 2020, he was named President of Freddie Mac, overseeing the company's Single-Fam- ily, Multifamily, Investments & Capital Markets and Enterprise Operations & Technology divisions. Previously, Hutchins was Co-Founder and CEO of PrinceRidge and held senior positions at UBS and Salomon Brothers. "I thank Mike for stepping up to lead the company as we continue a thorough search for a permanent CEO," Drum- mond added. "I also want to thank outgo- ing CEO Michael DeVito for his commit- ment to Freddie Mac's mission, and we wish him well in his next chapter." FHFA ANNOUNCES PERSONNEL CHANGES The Federal Housing Finance Agency (FHFA) has announced two personnel updates, as Anne Marie Pippin has been selected to serve as the Deputy Director for the Division of Conservatorship, Oversight, and Readiness (DCOR); and Anju Vajja, Ph.D., has been named Deputy Director for the Division of Research and Statistics. Pippin has more than 13 years of public sector experience in mortgage fi- nance, innovation, risk management and controls, and corporate governance. She joined FHFA in 2017 and most recently served as Associate Director of the Office of Governance and Strategic Initiatives and Office of Financial Technology in DCOR. In this role she was responsible for leading and coordinating Agency efforts to understand technology-driv- en developments in housing finance, addressing emerging risks and advancing Agency priorities related to the respon- sible adoption and deployment of finan- cial technology, as well as overseeing gov- ernance and strategic initiatives related to the conservatorship of the Enterprises (Fannie Mae and Freddie Mac). "With her extensive experience in mortgage finance, innovation, risk management, and corporate governance, Anne Marie's leadership has been Movers & Shakers exemplary in every way," FHFA Director Sandra Thompson said. "I look forward to her continued leadership in this role." Previously in the FHFA, Pippin served as Governance Branch Man- ager and as an Examiner within the Division of Enterprise Regulation with broad coverage of governance topics, including corporate governance, model governance, artificial intelligence and machine learning risk management, and enterprisewide risk management. She co- wrote the FHFA Advisory Bulletin 2022- 02, Artificial Intelligence and Machine Learning Risk Management and wrote the FHFA Advisory Bulletin 2020-06, Enterprise Risk Management Program. Prior to joining the FHFA, Pippin served in various risk management and governance functions in the Depart- ment of Energy, Department of Defense, Department of the Interior, and National Oceanic and Atmospheric Administra- tion. Pippin also served as an analyst on climate risk at the White House Council on Environmental Quality in 2012. Pippin is a graduate of the University of Georgia, where she holds a Juris Doctor (JD), Mas- ter of Business Administration (MBA), and undergraduate business degree. Vajja oversees the production of FHFA's House Price Index, National Mortgage Database (NMDB), Uniform Appraisal Dataset, and several other mortgage and housing data systems at FHFA. She is FHFA's Research Officer and is responsible for research in hous- ing, mortgage markets, and real estate. She oversees FHFA's data governance and Climate and ESG coordination work. Vajja previously served as Principal Advi- sor to the Deputy Director and Principal Associate Director in DRS and Associate Director in FHFA's Division of Housing Mission and Goals (DHMG). "Anju's experience in overseeing the research, analysis, and data governance work of the Division of Research and Statistics, and its production of FHFA's House Price Index, National Mortgage Database, Uniform Appraisal Dataset, is a tremendous asset to DRS and the Agency," Thompson added. Prior to joining DHMG, Vajja served as Managing Economist in FHFA's Division of Bank Regulation (DBR), Pippin Vajja