“Mr. Chavers brings additional mortgage finance, capital markets and public policy expertise to our board,” said Sara Mathew, non-executive chair of Freddie Mac’s board of directors. “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.”

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Commenting on Hayden’s appointment, Mathew said the executive 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.”

Hayden is the owner and CEO of his firm, Hayden Consulting. He was also the vice-chairman and board director of Residential Mortgage Services for more than eight years. Prior to that, Hayden headed PHH Mortgage as president and served as CEO of Mortgage Renaissance Investment Trust.