Kevin G. Chavers and Luke S. Hayden have been elected to Freddie Mac’s Board of Directors, the GSE announced in a press release. Their appointments begin effective February 15, 2022.
Chavers will serve on the GSE’s Audit Committee and Nominating and Governance Committee. He has held positions in the U.S. government before, including serving as president of Ginnie Mae from 1995 to 1998.
He retired from BlackRock’s Global Fixed Income Investment Team in 2021 after 10 years. During that time, he also worked with Global Public Policy Group as managing director and as managing director for BlackRock’s Financial Markets Advisory Group. Before joining BlackRock, Chavers worked with Morgan Stanley and Goldman Sachs.
“Mr. Chavers brings additional mortgage finance, capital markets and public policy expertise to our Board. 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,” said Sara Mathew, non-executive chair of Freddie Mac’s Board of Directors.
Hayden will serve on the Operations and Technology Committee and the Risk Committee. Hayden has been CEO of Hayden Consulting LLC since 2012 and previously served as vice chairman of Residential Mortgage Services Holdings from 2013 to 2021.
He has also held positions at PHH Mortgage Corporation, GMAC Residential Capital, and JPMorgan Chase & Company where he became executive vice president, consumer market risk management.
“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. 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,” said Mathew.
“We wholeheartedly welcome Kevin and Luke to our Board.”