Statement from Director Sandra L. Thompson on Diana Reid’s Appointment as CEO of the Federal Home Loan Mortgage Corporation (Freddie Mac)

FHFA Director Sandra L. Thompson issued the following statement on the Federal Home Loan Mortgage Corporation's appointment of Diana Reid as its Chief Executive Officer:

"I am delighted that Freddie Mac has selected Diana Reid as its next CEO. Diana brings with her decades of experience in mortgage banking and capital markets, as well as a proven track record of executive leadership. I look forward to working with her to build upon Freddie Mac's mission to promote affordable housing throughout the country in a safe and sound manner. I am also grateful to Mike Hutchins for his leadership during this interim period as Freddie Mac completed its search for a permanent CEO. I look forward to working with the Freddie Mac team to ensure a smooth transition."

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.4 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube, Facebook, and LinkedIn.

Contacts: MediaInq​[email protected]