Freddie Mac

John A. Koskinen was named as Freddie Mac’s interim chief executive officer in March 2009, having served as non-executive chairman since September 2008, when the Federal Housing Finance Agency (FHFA) placed the company into conservatorship. He will be serving in this capacity until FHFA appoints a permanent CEO. As non-executive chairman, Koskinen was responsible for ensuring strong corporate governance and forming a new Board of Directors for Freddie Mac. He was appointed to the position by FHFA Director James B. Lockhart. Koskinen has extensive public and private sector experience. He worked at the Palmieri Company for many years, including serving as President and CEO from 1979 to 1993. There he participated in the restructuring and turnarounds of many companies including the Penn Central Transportation Company, Levitt and Sons, Inc. and Mutual Benefit, the largest insurance company in history to fail. Most recently, Koskinen served as president of the United States Soccer Foundation. Prior to that, he served as deputy mayor and city administrator of the District of Columbia, where he was responsible for the operation of all city departments. Koskinen has also occupied several senior positions with the federal government, including service as deputy director for management in the Office of Management and Budget, where he coordinated the work of the chief financial officers, chief information officers and inspectors general of all government agencies. He also guided the country into the new millennium as the Chair of the President’s Council on Year 2000 Conversion. Koskinen earned his law degree from the Yale University School of Law, where he was graduated cum laude. He also has a Bachelor’s degree magna cum laude in physics from Duke University. He served for 12 years as a trustee of Duke University and was also chairman of the Board for three years. He currently serves on the Boards of the AES Corporation, American Capital, Ltd. and the nonprofit D.C. Education Compact.

Anurag Saksena joined Freddie Mac as senior vice president and chief enterprise risk officer in August 2005. He is a member of the leadership team and reports directly to CEO David M. Moffett. In this role, Saksena is responsible for providing an independent, cross-divisional assessment of Freddie Mac's management of and exposure to market risk, operational risk, enterprise risk modeling and related activities. Saksena has 20 years of experience in establishing and managing risk frameworks in organizations of varying size, complexity and cultures. Most recently, he led Enterprise Risk Management at General Motors Acceptance Corporation (GMAC), a global financial services subsidiary of General Motors. During his five years at GMAC, Saksena crafted the foundation and strategy for a comprehensive enterprise risk management framework, established firm-wide minimum risk standards, and led the development of best-practice risk measurement models for market, credit and operational risks. He also designed and conducted a firm-wide risk management education and awareness program. In addition, Saksena founded Enterprise Risk Advisors, LLC in Minneapolis, a risk management consultancy that focused on the development and implementation of enterprise-risk solutions for financial and non-financial organizations. He has also held risk and portfolio management positions of increasing responsibilities at Société Générale in New York, Royal Bank Financial Group in Toronto and Great-West Life Assurance Company in Winnipeg. Saksena is a graduate of the executive development program at Wharton Business School, University of Pennsylvania. He earned his doctorate in theoretical physics from the University of Manitoba, Canada and his Master of Science and Bachelor of Science degrees from the University of Delhi, India.

Frank E. Nothaft was appointed to the position of chief economist in December 2001. In this position, Nothaft is responsible for primary and secondary mortgage market analysis and research, macroeconomic analysis and forecasting. Nothaft is also involved in the analysis of affordable lending activities and policy issues affecting the housing industry. Prior to being named chief economist, Nothaft served as deputy chief economist for Freddie Mac from 1988, and as a senior economist from November 1986. Nothaft was an economist with the Board of Governors of the Federal Reserve System from 1983 until 1986, where he served in the mortgage and consumer finance section and as the assistant to Governor Henry C. Wallich. A widely quoted expert on housing and economic issues, Nothaft makes frequent guest appearances in both local and national media outlets. A member of the American Real Estate and Urban Economics Association, Nothaft holds a Ph.D. in economics from Columbia University. Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

Jerry Weiss was named senior vice president of Compliance and Regulatory Affairs and chief compliance officer in April 2008. He is a member of Freddie Mac's leadership team and reports directly to CEO David M. Moffett. Weiss is accountable for overseeing Freddie Mac's compliance with legal and regulatory requirements and related controls that govern the company's business and mission activities. He is also responsible for Freddie Mac's ethics and business practices program. Weiss also leads a team dedicated to the cross-divisional integration and management of regulatory affairs and oversees efforts to coordinate Freddie Mac's oversight services. Weiss joined Freddie Mac as senior vice president and chief compliance officer in October 2003. Prior to Freddie Mac, Weiss worked at Merrill Lynch Investment Managers (MLIM) from 1990 to 2003, most recently as first vice president and Global Head of Compliance. From 1982 to 1990, Weiss was with a national law practice in Washington, D.C., where he specialized in securities regulation, investment management and corporate finance matters. Weiss graduated Phi Beta Kappa from the State University of New York at Binghamton with a B.A. in political science and earned his law degree from George Washington University.

Raymond G. Romano was named Freddie Mac's chief credit officer in December 2008. This position reports to Freddie Mac CEO David Moffett and leads the company’s credit risk management efforts including credit policy, counterparty credit risk management, and loss forecasting and is responsible for enterprise-wide credit risk management activities. Previously, Romano served as senior vice president of credit risk oversight since he joined the company in 2004. Prior to coming to Freddie Mac, Romano served as senior vice president and chief credit risk officer and other executive positions at different major financial institutions including North American Mortgage Company in Tampa, Dime Savings Bank of NY, and with Citicorp's Investment Bank. Romano holds a BS in finance from Long Island University.

Mike Perlman was named Freddie Mac's executive vice president of Operations and Technology in August 2007. Perlman is responsible for managing the largest segment of Freddie Mac's business operations, including all of the company's mortgage origination and servicing, investment and capital markets operations, and information systems divisions. He is a member of the company's leadership team and reports directly to CEO David M. Moffett. During his 30-year career, Perlman has established a track record of successfully redesigning operations and technology infrastructures, as well as in-depth knowledge of the mortgage securitization business. Prior to joining Freddie Mac, Perlman was a managing director at Morgan Stanley where he developed operations and technology infrastructure to support the company's Fixed Income and Global Operations divisions. Perlman also played significant roles in building Morgan Stanley's mortgage conduit and different financial services systems. Before joining Morgan Stanley in 1997, Perlman was a founding partner at AT&T Solutions' Financial Services Group and a partner in the Washington, DC and New York offices of Deloitte & Touche, where he specialized in large-scale business and technology renovation. Perlman earned an MBA from New York University and a BE in Engineering from City College of New York.

Paul G. George was named executive vice president for Human Resources in August 2005. He reports directly to Freddie Mac Chairman and CEO Richard F. Syron. As the company's chief human resources executive, George is responsible for leading all aspects of the HR function and ensuring strong support of the company's business objectives. Specifically, he is responsible for recruiting, compensation and benefits, organizational development, training and management development, employee relations and diversity. Prior to Freddie Mac, George served as senior executive vice president of Human Resources at Wachovia Corp. for six years, where he was responsible for developing and implementing human resource strategies for all lines of business worldwide. He and his HR team, in coordination with leaders in each business unit, brought many new services as well as operational efficiencies to the company's talent management while Wachovia saw enterprise increases in both customer loyalty and employee engagement. Before that, George was a member of Waste Management Inc.'s interim management team for a year, while the company merged with its second largest competitor, USA Waste Services Inc. He oversaw all of the human resources activities for employees worldwide. Prior to that, George worked for 10 years as senior vice president of Human Resources at United Airlines. During his tenure, George was involved in leading the implementation of the world's largest employee-majority-controlled buyout, building on labor relations expertise he developed at Pacific Southwest Airlines and, before that, at Meserve, Mumper & Hughes, the second oldest law firm in Los Angeles. George graduated magna cum laude from Occidental College in Los Angeles. He received his law degree from the University of California at Los Angeles. Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than four million renters in America.

Ralph F. Boyd, Jr. was named executive vice president, Community Relations in February 2005. He is a member of the company's leadership team and reports directly to CEO David M. Moffett. Boyd also serves as chairman and CEO of the Freddie Mac Foundation. In these roles, he oversees the national capital region's largest philanthropic program, which includes corporate giving, employee volunteer activities, and Foundation grant making, while also serving as a member of the Foundation's Investment Committee. Boyd started at Freddie Mac as executive vice president and general counsel, and head of the external relations and public affairs function. Prior to joining Freddie Mac, Boyd was a senior partner with the national law firm of Alston & Bird LLP, leading its Washington, D.C. litigation practice. Before that, he served as Assistant Attorney General of the United States for Civil Rights and head of the Department of Justice's Civil Rights Division. From 1997 to 2001, Boyd was counsel and then a partner in the trial and Litigation Department of Goodwin Procter LLP in Boston. Previously, he served for six years as an assistant U.S. attorney in the Criminal Division of the Boston U.S. Attorney's office. Following law school, Boyd served as law clerk to the Honorable Joseph H. Young, U.S. District Judge for the District of Maryland, and as an associate at the Boston law firm of Ropes & Gray. Boyd has a long history of involvement in community matters, and currently serves on several non-profit boards. He is chairman of the board of Easter Seals of Greater Washington, vice president and secretary of the Center City Public Charter Schools board of directors, and a member of the executive committee of the American Association of People with Disabilities (AAPD). He also is a trustee of the National Housing Partnership Foundation (NHPF), a developer and provider of quality, affordable multi-family housing and resident services. Boyd chairs NHPF's audit committee, and also is a member of its investment committee. Boyd is a director of the DIRECTV Group, Inc., and a member of its audit committee, and nominating and governance committee. Boyd also has served as the U.S. member of the Geneva-based Committee on the Elimination of Racial Discrimination – a United Nations human rights treaty body. Boyd is a graduate of the Harvard Law School (J.D. 1984), and Haverford College (B.A. 1979). In 2001, he received an honorary Doctor of Law degree from Suffolk University.

Robert E. Bostrom was named executive vice president and general counsel in February 2006. Bostrom is a member of the company’s leadership team and reports directly to CEO David M. Moffett. In his role as principal legal counsel to Freddie Mac, Bostrom has oversight and management responsibility for all legal and regulatory strategies, services, and resources and corporate governance matters. Bostrom joined Freddie Mac from Winston & Strawn LLP, where he had been managing partner of the New York office, a member of the firm's executive committee, and head of its financial institutions practice. Bostrom originally joined Winston & Strawn in 1990. At Winston & Strawn, in addition to his financial institutions practice, Bostrom advised clients in connection with corporate governance and Sarbanes-Oxley issues, the structuring of compliance and enterprise risk management programs and internal controls, Board of Director and Audit Committee issues, regulatory examinations, and strategic planning. He advised various financial institutions in connection with federal and state supervisory actions and internal investigations involving compliance problems and potential violations of law. While at Winston & Strawn, Bostrom served as the senior partner on teams supporting the special counsel to the Independent Consultant to the Audit Committee of the National Association of Security Dealers (NASD) pursuant to a consent order with the Securities and Exchange Commission (SEC) regarding the NASD and NASDAQ market and the Independent Consultant to the Bear Stearns Securities Corporation in connection with the A.R. Baron & Co. consent order with the SEC. From 1992 until 1996, Bostrom served as Executive Vice President of Legal, Regulatory and Compliance and General Counsel of National Westminster Bancorp (NatWest), a $32 billion bank holding company. At NatWest, he was the executive officer responsible for corporate governance, legal, regulatory and compliance affairs, including regulatory examinations and supervisory relationships. He was a member of the Office of the Chief Executive Officer, the Management Committee and the Risk Policy Committee. He also served on the board of directors of NatWest Bank (Delaware) and Coutts International. Bostrom's legal career spans more than 25 years. He is an expert on financial institutions regulation, corporate governance and Sarbanes-Oxley issues, director education, compliance and enterprise risk management programs, and internal controls at financial institutions. He is a frequent lecturer, including at Duke University's Directors' Education Institute, and has written extensively on these subjects. Bostrom received a B.A. with honors from Franklin & Marshall College, an M.I.A. from Columbia University, School of International Affairs, and a J.D., cum laude, from Boston College Law School.

Donald J. Bisenius was named senior vice president of Credit Policy and Portfolio Management in October 2003. He reports to the Executive Vice President of Investments and Capital Markets. In this role, Bisenius manages the overall profitability and performance of Freddie Mac's single family credit business. Since 1998, Bisenius served as senior vice president of Risk Assessment & Model Development; Mortgage Offerings, Risk & Capital Management; and most recently Mortgage Credit Risk Management in the Single Family Capital Deployment Division. In these roles, Bisenius managed the overall credit risk exposure of the single family business, including establishing the firm's single family credit policies. Prior to that, Bisenius served as vice president of Mortgage Credit Policy. His responsibilities included overseeing credit policy development and evaluating overall portfolio quality. Bisenius joined Freddie Mac in 1992 as director of Portfolio Quality in the Mortgage Credit Policy Department. In that position, he and his group were responsible for analyzing and reporting on portfolio and industry statistics, identifying credit risk exposures and recommending corrective actions. Prior to joining Freddie Mac, Bisenius served in a variety of positions with the Federal Housing Finance Board in Washington, DC, and the Federal Home Loan Bank Board. Bisenius holds a Ph.D. in Economics from Iowa State University and a B.A. in Economics and Business Communications from Creighton University.

Michael C. May was appointed to the position of senior vice president, Multifamily Sourcing, on August 11, 2005. He is a member of the company's leadership team and reports directly to CEO David M. Moffett. In this position, May is responsible for customer relations, product development, marketing, sales, loan purchase, and asset management for the company's multifamily business, which includes the flow mortgage, structured and affordable mortgage, CMBS and low-income housing tax credit portfolios. The total multifamily portfolio, including our investments in LIHTC partnerships and CMBS, was $148 billion as of June 30, 2008. Previously, May served as senior vice president, Operations, starting in February 2005 where he was responsible for all operations of the company including single family mortgage purchase, servicing, and default operations; commercial loan purchase servicing and default operations; treasury operation; pass thru, REMIC, and debt security issuance and bond administration; investment settlement and servicing operations; and transactional accounting for business operations. May also served as senior vice president, Mortgage, Operations & Funding (MSOF) from October 2003 to February 2005. In that position, May performed the general manager function for Freddie Mac's single family business. This included customer relations, mortgage investor relations, product development, marketing, sales, pricing, automated underwriting, loan purchase, loan servicing, default management, REO operations, securities issuance, bond administration, accounting and all systems development supporting the operation. Prior to that, May held the position of senior vice president, Single Family Operations at Freddie Mac from July 2002 to October 2003. In this capacity, he was responsible for all operations associated with the purchase and servicing of single-family mortgages, as well as the operational infrastructure, technology, and organizational environment activities for Freddie Mac's single-family business. May was also the executive responsible for the design, development, deployment and adoption of the company's new core Single Family transactional and operational systems that transformed the company's process to an e-business environment. In August 1998, May was named senior vice president, Customer Services and Control. Previously, he held a series of executive level positions, including vice president of Loan Prospector and vice president of Structured Finance, where he managed Freddie Mac's structured mortgage securities program, new product development, new issuance and ongoing servicing of all structured mortgage securities products. May also served as vice president of Freddie Mac's Securities Sales & Trading Group (SS&TG), where he oversaw activities including sales, trading, operations, control and research. May came to Freddie Mac in 1983 from the Student Loan Marketing Corporation where he served as an internal auditor. May is a Certified Public Accountant and a certified internal auditor and holds a B.S. degree from Old Dominion University.

Paul E. Mullings was named senior vice president for Single Family Sourcing in June 2005. He reports directly to Freddie Mac's President and COO Eugene M. McQuade. In this position, Mullings is responsible for managing and building relations with Freddie Mac's more than 2,000 lender customers. Mullings joined Freddie Mac from JP Morgan Chase where he was senior vice president, manager Mortgage Finance, and Fair Lending executive at Chase Home Finance, the nation's fourth largest residential mortgage lender. Mullings had direct responsibility for a number of broad mortgage finance initiatives, including the strengthening of Chase Home Finance's emerging markets business model and its private-label mortgage-backed securities program. Prior to joining Chase Home Finance in 1997, Mullings was president and CEO of Mortgage Electronic Registration Systems, Inc. (MERS). He led MERS during the organization's launch and successful capitalization, and was instrumental in the development of the first set of industry standards that are leading the mortgage market to a paperless process. Mullings has also been the president and CEO of the residential mortgage division of First Interstate Bank, Los Angeles, and held a series of increasingly responsible senior management positions at Glendale Federal Bank, Glendale, CA. Mullings is a Graduate of The Institute of Accounting Staff, London, England. Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than four million renters in America.

Hollis McLoughlin was named senior vice president, External Relations at Freddie Mac in January 2006. McLoughlin is a member of Freddie Mac's leadership team and reports directly to CEO David M. Moffett. In this role, he is responsible for managing Freddie Mac's external relations function in order to meet the company's outreach and communications needs. McLoughlin oversees the following departments: Corporate & Marketing Communications, Corporate Relations & Housing Outreach, and Government & Industry Relations. McLoughlin first joined Freddie Mac as senior vice president and chief of staff in April 2004. In that role, McLoughlin focused on supporting the office of the chairman and coordinating strategic and tactical deliverables between the office and the senior management team. Prior to joining Freddie Mac, McLoughlin had been chief operating officer of two private equity-backed operating companies. Before that, he was one of the founding partners of Darby Overseas, a private equity partner based in Washington, D.C. He has also been a senior executive at Purolator Courier, the overnight delivery company, and a privately held transportation company. McLoughlin served from 1989 through 1992 as assistant secretary of the Treasury under President George Bush, where he was responsible for the coordination of all policy and management of several key internal functions. He served as chief of staff to Sen. Nicholas Brady, R-N.J., in 1982 and to Rep. Millicent Fenwick, R-N.J., from 1975 to 1979. McLoughlin is a graduate of Harvard College.

Mark D. Hanson was named vice president of Mortgage Funding in December 1999. In this role, he manages Freddie Mac's funding purchases through securitization, including structured finance, marketing and modeling, and has oversight of the performance of Freddie Mac's Gold Participation Certificates (PCs). He is also responsible for Freddie Mac's relationships with institutional investors and securities information vendors, and developing and implementing new security products and services to meet customer needs. Hanson was previously a vice president at Lazard Asset Management, where he managed mortgage and asset-backed positions for institutional clients since 1997. Since 1986, Hanson has held a number of positions, including a research/sales position in Donaldson, Lufkin & Jenrette's Taxable Fixed-Income Division, a director of Research for Freddie Mac's Securities Sales & Trading Group, and a security analyst at Metropolitan Life Insurance Company's Mortgage Securities and Portfolio Strategies Departments. Hanson has a B.S. from Allegheny College and an MBA from the University of Rochester. Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than four million renters in America.

Michael Dawson is vice president of multiclass issuance, and is responsible for all aspects of Freddie Mac's structured products issuance programs, including all REMICs, Strips, and structured passthroughs. His responsibilities encompass underwriter group management, marketing, new product issuance, disclosure, mortgage and CMO analytics, and deal structuring and management. Dawson joined Freddie Mac in 1985. Prior to leading the Multiclass Issuance area, he managed Freddie Mac's Gold PC issuance programs, Freddie Mac's external money manager program, and mortgage investor and dealer relationships. He earned a B.S. degree in finance from Virginia Tech and an M.B.A. from George Mason University, and is a Chartered Financial Analyst. He is a member of the CFA Institute and past President of the Washington Society of Investment Analysts. Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than four million renters in America.

Timothy Kenny became Freddie Mac’s senior vice president and general auditor in July 2008. He reports directly to the audit committee of Freddie Mac’s board of directors and administratively to CEO David M. Moffett. In this position, Kenny supervises the Internal Audit Department, which is responsible for all internal audit activities and coordinating audit practices and procedures with Freddie Mac’s external auditor. Prior to this, Kenny served as the company’s vice president and interim general auditor. He joined Freddie Mac in September 2007. From 2001 to 2007, Kenny was a managing director with BearingPoint (formerly KPMG Consulting) where he directed a large team of financial professionals on a variety of financial risk management consulting projects with Ginnie Mae, the Federal Housing Administration, private sector mortgage bankers, the Treasury Department and other federal credit agencies. He was appointed a member of the BearingPoint 401(k) Plan Committee. He joined KPMG, the predecessor organization to KPMG Consulting, in 1986, was promoted to a KPMG audit partner in 1997, and served in that position until the separation of KPMG Consulting from KPMG in 2001. Kenny is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants. He holds a B.S. in accounting from the University of Utah. He was a member of the board of directors of Farmer Mac serving on its audit and corporate governance committees. He also served on the board of directors of the Mortgage Bankers Association of Metropolitan Washington.

Barbara T. Alexander became a Director of the company in August 2006. A former senior advisor at UBS Securities and managing director at Dillon Reed & Co., Ms. Alexander's career spans more than 30 years in finance. Her distinguished career includes numerous international investment companies and philanthropic organizations. In 1987, Salomon Brothers Inc. appointed Ms. Alexander the first female managing director in the company's history. She was previously among the top investment bankers at Dillon Reed & Co. Inc., serving clients throughout North America, Australia and the United Kingdom. Alexander held additional senior executive and advisor positions with Smith Barney, Harris Upham & Co. Inc., Wachovia Bank & Trust Company N.A. and UBS Securities. She currently serves on the boards of Harrah's Entertainment, Centex Corporation and Freddie Mac. In addition to her corporate activities, Ms. Alexander is an executive fellow at the Joint Center for Housing Studies at Harvard University, has served on the boards of Habitat for Humanity International and Covenant House, and currently serves on the board of HomeAid America. She is a graduate of the University of Arkansas, Fayetteville, where she earned bachelor's and master's degrees in theoretical mathematics.

Carolyn Hogan Byrd has served as a director since May 2001. Ms. Byrd founded GlobalTech Financial, LLC, a financial services and consulting company headquartered in Atlanta, Georgia, in May 2000 and currently serves as chairman and chief executive officer. From November 1997 to October 2000, Ms. Byrd served as president of The Coca-Cola Financial Corporation. From 1977 to 1997, Ms. Byrd served in a variety of domestic and international positions with The Coca-Cola Company. Ms. Byrd currently serves on the Board of Directors of Circuit City Stores, Inc.

Mr. Lynch is an independent consultant providing a variety of services to financial intermediaries, including risk management, strategy, governance, financial and regulatory reporting and troubled-asset management. Prior to retiring from KPMG LLP in 2007, Mr. Lynch held a variety of positions with KPMG, including National Partner in Charge – Financial Services, the firm's largest industry division. He chaired KPMG's Americas Financial Services Leadership team, was a member of the Global Financial Services Leadership and the U.S. Industries Leadership teams, and led the Banking & Finance practice. He also served as a partner in KPMG's Department of Professional Practice and as a practice fellow at the Financial Accounting Standards Board. Mr. Lynch was the lead and audit signing partner for some of KPMG's largest financial services clients.

Laurence E. Hirsch has served as chairman of Highlander Partners, L.P., a private equity firm, since 2004. Mr. Hirsch served as CEO of Centex Corporation, a large homebuilder, from 1988 until his retirement in 2004 and as its chairman of the board from 1991 until March 2004. He also serves as the chairman of the board of directors of Eagle Materials Inc. and as a director of A. H. Belo Corporation. In addition, he is chairman of the Center for European Policy Analysis in Washington, D.C.