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Freddie Mac appoints new single-family acquisitions lead

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Corporate Governance, Inside the Beltway
Monday, March 6, 2023

Freddie Mac announced Sonu Mittal will join the agency as senior vice president and head of the single-family acquisitions division.

Mittal will join Freddie Mac from Citizens, where he served in several executive roles, including president of Home Mortgage, executive vice president of home lending and head of retail mortgage, as well as other areas. Prior to his role at Citizens, Mittal spent nine years at Capital One and nine years at Chevy Chase Bank, working in mortgage production, consumer sales and in other functions. He has extensive experience across sales, operations, capital markets, strategy, analytics, product management and technology.

“Sonu Mittal is a respected executive and industry leader with experience in virtually every aspect of mortgage lending. He will be an invaluable asset to Freddie Mac, and I welcome him to the company,” Mike Hutchins, president of Freddie Mac, said in a press release. “I look forward to working with him to advance our housing mission and bring greater access, affordability and equity to families across the country.”

As head of the single-family acquisitions, Mittal will have broad responsibility for seller engagement, credit, products and affordable mission goals, as well as the operations and technology functions that support these activities.

“I’m deeply honored to join Freddie Mac at this critical time for the housing market and the economy,” Mittal said. “In my 20-plus years in housing, I’ve seen the fundamental challenges affordability and access pose for many families looking to achieve the dream of homeownership. I’m excited to join a mission-driven company that is committed to helping address these issues on a scale that will impact families across the nation. I appreciate my time at Citizens and look forward to collaborating with them and others in my new position to support a vibrant housing system.”

Mittal will be a member of the company’s senior operating committee, reporting to Hutchins. He will begin on March 20.

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