Executive Vice President, Single-Family Business
David Lowman was named executive vice president for the Single-Family Business in May 2013. He is a member of the company's senior operating committee and reports directly to CEO Don Layton.
As head of Single-Family, Lowman has broad responsibility for the line of business, including managing the company's relationships with its Seller/Servicers, the performance of Freddie Mac's guarantee book of business, securitization of new business, and all sourcing, servicing and business operations.
Lowman has worked in the mortgage and consumer finance business for over 30 years, serving at some of the nation's largest mortgage operations. Lowman served as CEO of Chase Home Lending from 2006 to 2011, overseeing $150 billion in annual production and a $1.2 trillion servicing portfolio at what was then the country's third largest mortgage originator and servicer. Prior to that, he spent a decade in senior leadership roles in various lending businesses of Citigroup, including head of CitiMortgage and Citicorp Trust Bank, FSB.
Before joining Citigroup, Lowman spent 11 years at The Prudential Home Mortgage Company, Inc. in progressively senior leadership roles. He started his career in the Washington, D.C. office of KPMG where his clients included banks, thrifts and mortgage bankers.
Lowman holds a Bachelor of Science degree in Business Management and Accounting from the University of Maryland's College of Business and Management.
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. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter @FreddieMac.