Freddie Mac today named Raymond G. Romano chief credit officer. Romano had been the company\u2019s senior vice president of credit risk oversight since joining Freddie Mac in 2004 and in September also took the position of acting chief credit officer. Romano\u2019s appointment follows a nationwide search to fill the position, which is responsible for credit risk management activities across the entire Freddie Mac enterprise. \u201cManaging credit effectively is the cornerstone of this company, particularly in a turbulent economy,\u201d Freddie Mac CEO David Moffett said in a prepared statement. \u201cRay has really demonstrated leadership at Freddie Mac, and I can think of no one better to serve as our single point of accountability on credit decisions.\u201d Romano\u2019s work in rebuilding Freddie\u2019s credibility is clearly cut out for him. Along with sibling Fannie Mae, on Sept. 7 Freddie Mac was placed into a conservatorship under the Federal Housing Finance Agency, one of the signal early steps in the federal government\u2019s response to the tsunami-sized ripples from the subprime mortgage meltdown. Before joining Freddie Mac, Romano was senior vice president and chief credit officer and in other executive positions at North American Mortgage Co., Dime Savings Bank of New York, and Citicorp\u2019s Investment Bank. He holds a BS in finance from Long Island University.<\/p>\n","protected":false},"excerpt":{"rendered":"
Freddie Mac today named Raymond G. Romano chief credit officer. Romano had been the company\u2019s senior vice president of credit risk oversight since joining Freddie Mac in 2004 and in September also took the position of acting chief credit officer. Romano\u2019s appointment follows a nationwide search to fill the position, which is responsible for credit…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825],"tags":[],"class_list":["post-1003925509","post","type-post","status-publish","format-standard","hentry","category-finance"],"acf":[],"yoast_head":"\n