10 Things You Didn’t Know About Freddie Mac CEO Donald Layton

Government-sponsored Freddie Mac is the name anyone who’s looking for a home needs to or already know. Freddie Mac is a federal home mortgage corporation that’s been in operation since 1970. The company has helped many people get the home of their dreams, and it continues to do so under the leadership of CEO Donald Layton. Layton has been heading the company as Executive VP and CEO since 2012, and it doesn’t seem as if he’s going anywhere. The mortgage company has been experiencing a rebirth since the market crash of 2007, and the future of the company relies on Layton’s leadership. Here are 10 things you should know about Freddie Mac’s CEO Donald Layton.

1. JPMorgan Chase

Before Layton became CEO of Freddie Mac, he spent a huge chunk of his professional career at JPMorgan Chase—about 30 years in fact. He rose to the position of vice chairman during his time there, and this is essentially what would prepare him for his role at Freddie Mac.

2. E-Trade Financial

Layton has served as CEO of another financial company before. E-Trade Financial is an online brokerage, and Layton served as its leader from 2008 to 2009. Again, this experience would help prepare Layton for the CEO role that many executives would rather try to avoid.

3. Education

Layton attended the Massachusetts Institute of Technology and received his Bachelor’s of Science Degree in 1972. He went on to graduate school and received his Masters of Business Administration degree from Harvard just a couple of years later in 1974. Shortly after he graduated from Harvard, he would begin his work at JPMorgan Chase to establish his career and his influence in the financial world.

4. Compensation

It pays to know a lot about finances, and we’ve pretty much established that Layton is one of the most capable financial minds in the last few decades. This shows in Layton’s compensation. The CEO’s annual salary is $600 thousand, but he makes more in other compensation as well including stock options and money from other avenues.

5. Top executive

Layton is one of the industry’s most recognized CEOs and he has performed well during his tenure so far. He has been recognized as number 40 out of the top 1,000 CEOs as tracked by RHR International’s CEO1000 Tracker. It’s not only an honor but a true representation of how well Layton is performing as CEO of a large organization.

6. Future of mortgage financing

Layton is passionate about finding solutions for the nation with regards to the housing finance system. Layton believes that under his leadership, Freddie Mac will be at the helm of building a better system for the nation’s homebuyers, renters, lenders, and taxpayers. Layton’s efforts today have already shown a path towards a better future of mortgage solutions.

7. Community work

Apart from his work for the betterment of the housing finance system, Layton also works with an organization to help the homeless. He’s previously served as chairman emeritus of the board of the Partnership for the Homeless. This organization is dedicated to reduce the number of homeless people in New York City.

8. Low down payments

Layton supports the idea of having more low down payment products to help boost the mortgage economy. This can be made possible by having larger firms provide down payment costs to homebuyers needing the financing.

9. Marquis Who’s Who

You know you’ve made it if ever you have a chance to find yourself honored by Marquis Who’s Who. In fact, because of his accomplishments, Layton has been featured in seven volumes of Who’s Who including one in Finance and Business, American Politics, and Corporate America among a few others. These are just some of Layton’s professional accomplishments, and he continues to create successes around him in his current position.

10. Baker Scholar

We’ve mentioned Layton’s educational achievements before, but we didn’t recognize the fact that he actually graduated Harvard as a Baker Scholar. That’s a designation reserved for only the top 5% at Harvard Business School. Graduating as a Baker Scholar is a great academic distinction. We also have to mention the fact that when he graduated from MIT, he received his Bachelor’s and Master’s Degrees in Economics simultaneously.

*Don’s salary has been updated from a previous incorrect figure

Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Lenskart
20 Things You Didn’t Know about Lenskart
Maharashtra
The 10 Richest States in India
computer
20 Things You Didn’t Know about Cockroach Labs
Alexandre Arnault
10 Things You Didn’t Know about Alexandre Arnault
Credit Card
10 Reasons We Like The Divvy Business Credit Card
Tesla
The Top Five Stock Picks Targeted at Climate Change
Credit Card
The 20 Best Travel Credit Cards of 2021
Wine
20 Things You Didn’t Know About Vinovest
10 Reasons to Check Out the Red Barn Flea Market
LaGuardia
LaGuardia Airport is Getting a $2.1 Billion Upgrade
Expect Challenges when Flying Internationally in the COVID-Era
Oldsmar Flea Market
10 Reasons to Visit the Oldsmar Flea Market
Volkswagen Passat…Chattanooga, Tennessee
Why Volkswagen Stopped Producing the Passat in the U.S
A Closer Look at Aston Martin’s Valhalla Supercar
Does Peugeot Still Make the 308?
A First Look at Lamborghini’s Aventador LP 780-4 Ultimae
Seven Fridays
A Closer Look at the SevenFriday’s P1C/04 Caipi Watch
Doxa Sub 200 Whitepearl
A Closer Look at the The Doxa Sub 200 Whitepearl
Montblanc Summit
A Closer Look at the Montblanc Summit Lite Smrt
Nintendo-Tag Heuer Collaboration Watch
A Closer Look at the Nintendo-Tag Heuer Collaboration Watch
Herb Dean
How Herb Dean Achieved a Net Worth of $1.5 Million
Jason Newsted
How Jason Newsted Achieved a Net Worth of $60 Million
Sarkodie
The 10 Richest Rappers in Africa
Wiz Khalifa
The 10 Richest People in North Dakota