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Former GMAC head named CEO for new Fannie, Freddie subsidiary

Discussion › Recent News › Former GMAC head named CEO for new Fannie, Freddie subsidiary

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  • November 4, 2014 at 4:05 pm #2565

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    Washington Business Journal, By Jeff Clabaugh

    David Applegate, the former president of GMAC Mortgage and chairman of GMAC Bank, has been named the first chief executive of Common Securitization Solutions LLC, the new Fannie Mae and Freddie Mac subsidiary that will operate in the secondary mortgage market.

    Applegate, whose GMAC career spanned 17 years, was most recently president and CEO of Homeward Residential Inc., a Dallas-based mortgage lender with $4.5 billion in assets.

    Read the full article: Former GMAC head named CEO for new Fannie, Freddie subsidiary

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