SOURCE: Freddie Mac

Freddie Mac

June 09, 2015 09:00 ET

Freddie Mac Names Sean Becketti Vice President and Chief Economist

MCLEAN, VA--(Marketwired - Jun 9, 2015) -  Freddie Mac (OTCQB: FMCC) today announced that Sean Becketti, an executive with broad experience in the private sector, government and academia, is joining the company as vice president and chief economist.

Becketti brings extensive mortgage market research, modeling and analytics experience to his new role at Freddie Mac. As chief economist, he will lead a team that forecasts mortgage and housing market trends and conducts analysis and research on economic and policy issues affecting Freddie Mac. 

"Sean is a seasoned economist who brings a great deal of experience in economic analytics, modeling, financial engineering and risk management," said Jerry Weiss, Freddie Mac executive vice president and chief administrative officer. "Freddie Mac and our customers will benefit from Sean's deep knowledge of the housing finance industry as our company builds a stronger, more efficient mortgage market for the future."

Becketti, age 63, comes to Freddie Mac from Flagstar Bank, where he was senior vice president and head of modeling and analytics. Earlier, he headed up Fannie Mae's applied research function where he led a 70-person team of modelers, analysts and developers. His experience also includes senior executive roles with Washington Mutual and Wells Fargo in which he led research functions focused on mortgage markets and capital markets. Becketti also previously worked at Freddie Mac from 1996 - 2001 in several senior financial and analytical roles. Earlier in his career, he served as senior economist with the Federal Reserve Bank of Kansas City and as an assistant professor of economics at UCLA.

Becketti holds master's and Ph.D. degrees from Stanford University and a bachelor's degree from University of California - Santa Cruz.

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. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.