Freddie Mac welcomes Kevin Chavers and Luke Hayden to its board of directors, who began their tenure on Feb. 15, 2022.
Chavers comes to the board after retiring from BlackRock, Inc. While with the company, he served as manager director of its global public policy group and managing director of BlackRock Solutions, financial markets advisory group. He also has held various positions at Morgan Stanley and Goldman Sachs & Co. From 1995 to 1998, he was the president of Ginnie Mae.
“Mr. Chavers brings additional mortgage finance, capital markets and public policy expertise to our board,” Freddie Mac non-executive chair of the board of directors Sara Mathew said in a release. “Over his more than two decades with some of the nation’s largest financial companies he has developed a deep familiarity with Freddie Mac and its leadership. Additionally, he possesses hands-on experience as an innovator and issuer of agency mortgage-backed securities.”
Hayden is currently the CEO of Hayden Consulting. He also has served as vice chairman of Residential Mortgage Services Holders, Inc., president of PHH Mortgage Corp., and executive vice president and senior managing director at GMAC Residential Capital. Additionally, Hayden held several positions at JP Morgan Chase & Co.
“Mr. Hayden has held nearly every job in our industry, from loan officer to chief executive officer, which has armed him with a ground-level appreciation of the complex needs of our clients,” Mathew said. “His comprehensive experience in residential real estate finance, capital markets and risk management from several of the largest mortgage operations in the country will be an asset to Freddie Mac’s board.”