MediaTom Goyda, 314-875-8222Tom.Goyda@wellsfargo.comorInvestorsJohn As Head of Production, DeVito will lead the Retail and Correspondent teams and report to Franklin Codel, head of Wells Fargo Home Mortgage (WFHM). He has been the head of Mortgage Servicing since 2013 and has served on the Home Mortgage Executive Management Team since 2011. Other. our customers and help them succeed financially.. Evans succeeds Andrew Bon Salle, who put Fannie Maes board on notice Oct. 9 that he would be retiring at the end of the year after 28 years with the company. $900K. Wells Fargo's asset cap has been in place for fi ve years, and there's no end in sight. Use our lookup tool to see if Freddie Mac financed your apartment building. New GSE guideline updates to Fannie and Freddie forces them to cap the amount of second home and investor properties delivered at 7%. Know if you're getting paid what you deserve. I was a big bank diversity hire. Company was ranked No. Company was ranked No. He also served in various other leadership roles during his tenure at Wells Fargo, including head of home lending production, home lending servicing, default servicing and loan workout, head of education financial services, and mortgage retail underwriting and operations. Wells Fargos vision is to satisfy all our customers financial needs and help them succeed financially. 25 on Fortunes 2017 rankings of Americas He spent more than 23 years at Wells Fargo and Company, rising to the level of Executive Vice President, Head of Home Lending, where he was responsible for all aspects of the company's mortgage and home equity business. Learn how this feature works. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Insights, products, and technology to help you grow your business. dropshipping shipping policy template aliexpress. "Michael is a well-regarded leader with proven success in virtually every aspect of the mortgage industry," Sara Matthew, the nonexecutive chair of Freddie Mac's board, said in a press release. succeed financially. Active 1964 13 . DSNews.com copyright 2023 is a registered trademark of The Five Star Institute, New Hampshire, South Dakota Most Affordable States, The Week Ahead: House Looks at CFPB Reform, Potentially Fraudulent Equitable Lien Foreclosures Continue to Plague Florida Courts, Study: Black-White Homeownership Rate Gap is the Largest in a Decade, Freddie Mac Adds Sonu Mittal to Its Senior Operating Committee. Phone: 561-820-1052 | 800-736-7256 Fax: 561-838-4990. As new Head of Single-Family Acquisitions, Freddie Macs latest addition will be responsible for seller engagement, credit, products, and affordable mission goals. Customer Services & Support Based on 12543 salaries Teller 4260 salaries Bank Teller 2695 salaries View More Finance & Accounting Based on 12288 salaries Financial Analyst 545 salaries has been named head of Wells Fargo Home Lending, a role he has held on We provide links to external websites for your convenience. New forecast calls for commercial mortgage lending to stay the course in 2022, Residential construction declines as single-family sector sees continued weakness, Home flips continue to grow, but profit margins continue to slide. Mortgage giants Fannie Mae and Freddie Mac continue to fill openings left by top executives who departed in the wake of the November elections, which sidetracked plans to privatize the companies. The San Francisco bank entered into a multiyear partnership with Choice Hotels, which operates brands such as Radisson, Comfort and Econo Lodge. Freddie Mac has named a new CEO, appointing housing industry veteran Michael J. DeVito to the position effective June 1. He was thrust into running the home lending unit, first on an interim basis in November 2017, following the firing of Franklin Codel, who directed all aspects of consumer lending at the bank, regarding the inappropriate termination of a former employee. Other executives that have left the GSEs in recent months includeAndrew Bon Salle,John Forlines, Jean Weng andDesmond Smith. Michael is a well-regarded leader with proven success in virtually every aspect of the mortgage industry. Wells Fargo Bank employees with the job title Lead Software Engineer make the most with an average annual. DeVito holds a Bachelor of Science degree in accounting from Ithaca College in Ithaca, New York. The top 5 highest paying jobs at Wells Fargo with reported salaries are: software engineering manager - $420k per year . Autor de la entrada Por ; Fecha de la entrada what year porsche 911 to avoid; how to play radio on bose speaker . Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. are also available at Wells
He spent more than 23 years at the bank, rising to the level of executive vice president and head of home lending. countries and territories to support customers who conduct business in The estimated base pay is $164,691 per year. Michael DeVito Chief Executive Officer Mike Hutchins President Wendell Chambliss Senior Vice President and Chief Diversity and Inclusion Officer John Glessner Senior Vice President and Head of Investments & Capital Markets Dennis Hermonstyne Jr Senior Vice President and Chief Compliance Officer Anil Hinduja Even then, the U.S. Treasury would likely exercise its rights to convert the growing preferred stock preferences into common stock when that occurs. Your input helps Glassdoor refine our pay estimates over time. Your email address will not be published. Grier assumed the interim role in March after David Brickman retired, vacating the CEO post in January. I am confident that he is the right choice to lead the nations How do you transition from QC defense to offense in 2023? I am delighted to announce that, after an exhaustive search, the board of directors has chosen Michael DeVito as the next CEO of Freddie Mac, said Sara Mathew, Non-Executive Chair of Freddie Macs board of directors. Before taking the top position in Wells Fargo's mortgage unit, DeVito oversaw the production and servicing units at separate times in his tenure. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. He was also a leader in Home Mortgages early e-business initiatives and managed Retail Home Equity for Norwest. At various points of his career, he headed up home lending production, servicing, default servicing, and loan workouts. Wells Fargo's CFO is Michael Santomassimo How do I contact Wells Fargo? The bank says the candidates failed to make full disclosures. vision is to satisfy our customers financial needs and help them
How much can I expect to be offered? both mortgage sales and servicing, stated Mack. Under this new structure,
services industry, including the past 22 years at Wells Fargo, and has
I am honored to lead a mission-driven company with proven success in making home possible for millions of families over the past five decades, said DeVito. Read what they think about their salaries on our Compensation FAQ page for Wells Fargo. fulfillment for Home Lending. Leading commentary by award-winning journalists. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Wells Fargo & Co. said Michael DeVito will lead its mortgage division, after assuming the role on an interim basis following an executive shake-up in late 2017.. His permanent elevation to the top . See the complete profile on LinkedIn and discover Michael's connections and jobs at similar companies. As Head of Production, DeVito will lead the Retail and Correspondent teams and report to Franklin Codel, head of Wells Fargo Home Mortgage (WFHM). Salaries at Wells Fargo Bank range from an average of 433,993 to 3,253,850 a year. Laura Schupbach to continue leading Wells Fargo Auto, and John In addition, John Rasmussen will Save my name, email, and website in this browser for the next time I comment. Salary, bonuses, stock options, stock awards and other compensation information for top executives at WELLS FARGO & COMPANY/MN. You are leaving newsroom.wf.com and entering a website that Wells Fargo does not control. He comes to his new role with a broad financial services background, a deep understanding of Wells Fargo, and a strong reputation for energizing teams.. At various points during his tenure, he served as Head of Home Lending Production, Home Lending Servicing, Default Servicing, Loan Workout, Head of Education Financial Services, and Mortgage Retail Underwriting and Operations. $7.5M. Michael is a well-regarded leader with proven success in virtually every aspect of the mortgage industry. The power of data with Mike Simonsen at Gathering of Eagles, Eric Lapin on how consumer-controlled data can change lending, Clear Capital launches UDC to support appraisal modernization. Previously, he was a leader in Home He was raised in Florida. Mark Calabria, director of the Federal Housing Finance Agency, wants the GSEs to build enough capital to end the conservatorships, but a recent report from Keefe, Bruyette & Woods said it could take at least 15 years at the current pace of retained earnings. The community relies on everyone sharing. MCLEAN, Va., May 26, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that its Board of Directors has named housing-industry veteran Michael J. DeVito as the company's Chief. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Salary in 2020. The technical storage or access that is used exclusively for statistical purposes. Wells Fargo, eyeing growth in credit cards, lands hotel chain as partner, First Foundation row with Abbott Cooper moves closer to court, Senate Banking Republicans warn Fed not to go too far in capital review, Fed's Bowman: Regulators should monitor Treasuries market function, Flagstar gives $1 million to fix appraisal industry's lack of diversity, What banks need to know about the White House's cybersecurity strategy. Kristy Fercho succeeded him at Wells Fargo, the countrys largest depository mortgage lender. Grier assumed the interim role in March after David Brickman retired, vacating the CEO post in January. Grier will return to his duties as a full-time member of the board on June 1. For Members Only Federal Credit Union in Chicago, which was founded by the African American sorority Alpha Kappa Alpha, is focused on helping members build generational wealth. our customers and help them succeed financially.. Michael DeVito, Wells Fargo's former executive vice president of home lending, will take over as full-time CEO of Freddie Mac on June 1. The banking industry appears to be stuck when it comes to diversifying the leadership ranks. Let's find out Wells Fargo India Interview Questions Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Michael Cleary, the head of Santander Bank's consumer business, has followed his former boss Scott Powell to Wells Fargo & Co. for a key role overseeing the source of many of the . TC, Bonus, Equity? I thank the Board for their confidence, and I look forward to getting to know the people and leaders who make Freddie Mac so successful. Wells Fargo contact info: Phone number: (866 . Mark B. Grier had been filling in as interim CEO of Freddie Mac; he will resume his duties as a member of Freddies board when DeVito assumes the role. DeVitos appointment follows Macks appointment to lead Wells Fargos
DeVito led over 25,000 team members and was responsible for business strategy, loan origination, capital markets, loan servicing and risk functions. and its various affiliates and . After Brickman stepped down in early January, Mark Grier was appointed interim CEO. The typical Wells Fargo Vice President salary is 43,03,334 per year. Evans was senior vice president and chief credit officer for the single-family business, managing first-line credit risk from mortgage acquisition through disposition and overseeing selling and servicing risk policies and eligibility standards. "I thank the board for their confidence, and I look forward to getting to know the people and leaders who make Freddie Mac so successful," DeVito said in the press release about his Freddie Mac appointment. Campbell, 415-396-0523John.M.Campbell@wellsfargo.com, Internet Explorer presents a security risk. Wells Fargo Home Mortgage Consultant - Joseph DeVito. I am honored to lead a mission-driven company with proven success in making home possible for millions of families over the past five decades, said Michael DeVito. in Daily Dose, Featured, Government, Journal, News For reprint and licensing requests for this article, Banking on sisterhood: A Black sorority launches a credit union. WFHM is the leading originator and servicer of residential mortgages in the United States. Freddie Mac is bringing Wells Fargo Home Lending veteran Michael J . This estimate is based upon 306 Wells Fargo Software Engineer salary report (s) provided by employees or estimated based upon statistical methods. vision is to satisfy our customers financial needs and help them Total Compensation $12M. Learn more atFreddieMac.com, Twitter@FreddieMacand Freddie Macs blogFreddieMac.com/blog. Wells Fargo, Which one would you pick? But Congress has limited the total annual direct compensation for each company's CEO to a base salary of . premier mortgage lender into a bright future. Wells Fargo perspectives are also available atWells Fargo BlogsandWells Fargo Stories. "His background and experience make him an excellent choice to lead Freddie Mac at this time.". We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. To subscribe to exclusive newsletters, visit your email preferences in the account settings. I am delighted to announce that, after an exhaustive search, the Board of Directors has chosen Michael DeVito as the next CEO of Freddie Mac, said Sara Mathew, non-executive chair of Freddie Macs Board of Directors. For non-press inquiries, visit our FAQs page. operations. The National Association of Realtors and other real estate industry groups have argued that the government should continue to play a role in secondary mortgage markets, perhaps replacing Fannie and Freddie with a new private entity thats more strictly regulated, like a public utility. "I've never chosen a startup for a project of this size and scale before," Michael DeVito, Wells Fargo's head of mortgage . Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window). He retired from Wells Fargo in 2020. Wells Fargo provides banking, investments, mortgage, and consumer and Site by, The new, must-have technology thats tackling lendings greatest challenges. In his new role, DeVito will oversee all production functions and his teams will be responsible for sales, operations, quality, compliance, underwriting and support. NMLSR ID. Michael DeVito, Wells Fargo's former executive vice president of home lending, will take over as full-time CEO of Freddie Mac on June 1. Mr. DeVito boasts 30+ years of experience in the mortgage and financial services industry; he spent 23+ years at Wells Fargo rising to the level of EVP, Head of Home Lending, where he was. will continue to report to Mack as head of Wells Fargo Auto (formerly This employer has claimed their Employer Profile and is engaged in the Glassdoor community. leader Andy Rowe. DeVito will succeed David Brickman, who resigned in November and officially stepped down in January, as full-time CEO of the government-sponsored enterprise. Stocks. Michael has made over 3 trades of the Wells Fargo & Co stock since 2021, according to the Form 4 filled with the SEC. Originations Editor, National Mortgage News. Wells Fargo Wells Fargo Mortgage - Michael Devito, Liz Bryant, Liz Djokovich Bryant, Perry Hilzendeger, Brad Blackwell, Tim Sloan, Greg Gwizdz, Franklin Codel 420 Montgomery St San Francisco, CA United States. By completing your subscription, you are providing consent to Wells Fargo Newsroom to send you email alerts and you are agreeing to our Digital Privacy and Cookies Policy. michael devito wells fargo salary. financial services company with $2 trillion in assets. Personal Service. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Given how high inflation is right now, why arent mortgage rates even higher? Bonus. internet (wellsfargo.com) and mobile banking, and has offices in 42
Feb 5, 2020. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Since our creation by Congress in 1970, weve made housing more accessible and affordable for homebuyers and renters in communities nationwide. Wells Fargo Bank pays its employees an average of $81,818 a year. . He is from . About Freddie MacFreddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. both mortgage sales and servicing, stated Mack. See the complete profile on LinkedIn and discover Michael's connections and jobs at similar companies. Homepoint said it was looking for Bon Salle to provide his expertise on matters including the companys Jan. 29 initial public offering, and the development of a company affiliate, Home Point Asset Management LLC. You must click the activation link to complete your subscription. DeVito was head of home lending at Wells Fargo at the time he stepped down from the depository bank. DeVito retired last July from Wells Fargo after a 23-year stint with the company and replaced by Kristy Fercho as Head of Wells Fargo Home Lending. Box 692Bothell, WA 98041-0692(800) 297-6061. DeVito retired last July from Wells Fargo after a 23-year stint with the company and replaced by Kristy Fercho as Head of Wells Fargo Home Lending. In his prior positions at Wells Fargo, he spent two years as head of Default Servicing, was head of Education Financial Services for nearly three years and also led Retail Fulfillment for Mortgage. I am delighted to announce that, after an exhaustive search, the Board of Directors has chosen Michael DeVito as the next CEO of Freddie Mac, said Sara Mathew, non-executive chair of Freddie Macs board of directors. served on the home mortgage executive management team since 2011, when
will continue to report to Mack as head of Wells Fargo Auto (formerly
Michael J. DeVito is the former Executive Vice President and Head of Home Lending for Wells Fargo. Not consenting or withdrawing consent, may adversely affect certain features and functions. Average Salaries at Wells Fargo Popular Roles Bank Clerk $31,859 per year Personal Banker $20.60 per hour Managing Director $213,312 per year Banking & Finance Banker $65,860 per year Relationship Banker $52,366 per year Loan Processor $50,550 per year Management Service Manager $41,756 per year Business Consultant $94,001 per year Consultant the global economy. Wells Fargo Private Bank provides products and services through Wells Fargo Bank, N.A. Salaries at Wells Fargo Bank range from an average of $48,964 to . Any input is appreciated! This estimate is based upon 65 Wells Fargo Vice President salary report (s) provided by employees or estimated based upon statistical methods. Average annual salary in Wells Fargo India is INR 15.9 lakhs . 25 on Fortunes 2017 rankings of Americas
Michael has 1 job listed on their profile. The board of directors of Freddie Mac has announced that, effective June 1, 2021, Michael J. DeVito will take over as CEO. The average Wells Fargo salary ranges from approximately $36,721 per year for a PT Teller to $497,433 per year for a Managing Director. If so please contact customer support at (510) 658-9252, Password Reset Instructions have been sent to. But Fannie Mae is still on the lookout for a new chief financial officer, with Celeste M. Brown submitting her resignation on May 4. Know Your Worth. "I am honored to lead a mission-driven company with proven success in making home possible for millions of families over the past five decades," said . You will be charged . Brickman, whose $702,000 in total compensation as Freddie Macs CEO included $102,000 in retirement benefits, was named executive chairman of Meridian Capital Group in January. He has over 30 years of experience in the mortgage and financial services industry. When factoring in bonuses and additional . We may also share information about your use of our site with our social media, advertising and analytics partners. Mr. DeVito brings more than 30 years of experience in the mortgage and financial services industry to Freddie Mac. Michael DeVito is the Chief Executive Officer of Freddie Mac, one of the nation's largest providers of mortgage financing. Media Tom Goyda, 314-875-8222 Tom.Goyda@wellsfargo.com or Investors John Campbell, 415-396-0523 John.M.Campbell@wellsfargo.com. 3,456 Views. In brief remarks about the Federal Reserve's handling of COVID-19 crises, the governor said the central bank's asset-buying program is taking longer to unwind than its emergency lending facilities. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Customer Service and Sales Representative, Teller salaries - 4,272 salaries reported, Bank Teller salaries - 2,710 salaries reported, Personal Banker salaries - 2,372 salaries reported, Personal Banker I salaries - 2,063 salaries reported, Lead Teller salaries - 1,393 salaries reported, Service Manager salaries - 712 salaries reported, Branch Manager salaries - 700 salaries reported, Customer Service Representative salaries - 618 salaries reported, Personal Banker I (SAFE) salaries - 577 salaries reported, Financial Analyst salaries - 545 salaries reported, Premier Banker salaries - 497 salaries reported, Teller At Wells Fargo salaries - 396 salaries reported, Home Mortgage Consultant salaries - 391 salaries reported, Relationship Banker salaries - 382 salaries reported, Software Engineer salaries - 378 salaries reported, Licensed Personal Banker salaries - 370 salaries reported, Vice President salaries - 346 salaries reported, Wells Fargo Bank salaries - 332 salaries reported, Phone Banker salaries - 323 salaries reported. May 26, 2021 We have estimated Michael DeVito's net worth, money, salary, income, and assets. Mobile Phone (516) 524-2506 (516) 524-2506. Please contact the parent account holder or Inman customer service @ 1-800-775-4662 customerservice@inman.com. Finet comp question - do they pay the standard grid rate for annuities that the rest of the bank gets? With more than 30 years of mortgage and financial services experience, DeVito spent more than 23 years at Wells Fargo and Company, serving most recently as EVP/Head of Home Lending, where he was responsible for all aspects of the companys mortgage and home equity business. Fannie Mae and Freddie Mac, which help channel investment into mortgage lending by purchasing and guaranteeing mortgages, were placed into government conservatorship in 2008, as potential losses from the housing crash mounted. After he announced his retirement, Fannie Maes board determined that he should receive 95 percent of his performance-based deferred salary, having successfully led the Single-Family business during the COVID-19 pandemic and met or exceeded all 2020 objectives. He has demonstrated
Fargo William Hall Macy Jr. is an American actor. Michael Ortiz VP | Relationship Manager - Technology & Venture Banking at Wells Fargo Commercial Bank Apply Now Get a Call Back. He has nearly 29 years of experience in the financial
Get the week's leading headlines delivered straight to your inbox. (Reuters) - Wells Fargo & Co WFC.N said on Thursday it has hired Flagstar Bank's Kristy Fercho to run its mortgage division following the retirement of 23-year veteran Michael DeVito from. The technical storage or access that is used exclusively for anonymous statistical purposes. I am confident that he is the right choice to lead the nations
Freddie Mac is bringing Wells Fargo Home Lending veteran Michael J. DeVito out of retirement as its new CEO, starting June 1. The lowest-paying job at Wells Fargo is a PT Teller with a salary of $36,721 per year. Wells Fargo Home Mortgage, Inc. At that time, Interim CEO Mark B. Grier will resume his duties as a full-time Member of Freddie Macs Board. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. DeVito's retirement comes after a financial services career that spans more than 30 years, including 23 at Wells Fargo. Find out the highest paying jobs at Wells Fargo and salaries by location, department, and level. Working together, Im certain we can continue to deliver the liquidity, stability and affordability the housing markets need while enhancing our own safety and soundness.. Fannie, Freddie filling openings left by departures of top executives, The mortgage giants are continuing to fill openings left by top executives who departed in the wake of the November elections, which sidetracked plans to privatize the companies, What you need to know to start your day with all the latest industry developments. He spent more than 23 years at the bank, rising to the level of executive vice president and head of home lending. There seems to be a problem with your Inman Select Membership. Wells Fargo Dealer Services), which includes direct and indirect auto
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Fargo & Company (NYSE: WFC) announced today that Michael DeVito He spent more than 23 years at Wells Fargo and Company, rising to the level of Executive Vice President, Head of Home Lending, where he was responsible for all aspects of the companys mortgage and home equity business. DeVito most recently led mortgage production for the company, a post he
Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Inflation is high, so why arent mortgage rates higher? He has demonstrated Mr. DeVito has held several executive roles at Wells Fargo or its predecessor banks over the past 22 years and has served on the bank's home mortgage executive management team since 2011.. michael devito wells fargo salary His background and experience make him an excellent choice to lead Freddie Mac at this time. DeVito also served as the head of mortgage production and ran mortgage servicing operations at Wells Fargo during his 23-year stint at the bank. The estimated additional pay is $154,512 per year. Mr. DeVito brings more than 30 years of experience in the mortgage and financial services industry to Freddie Mac. The strategy document identifies potential avenues for cutting cybercriminals off from financing, as well as other actions banks can take. Breaking news as it happens. Coalesce's Select Membership is no longer active. Wells Fargo employees rate the overall compensation and benefits package 3.7/5 stars. Wells Fargo &
DeVito brings more than 30 years of experience in the mortgage and financial services industry to Freddie Mac, most notably at Wells Fargo. announced in December 2017. He truly values the importance of homeownership and is extremely focused on serving the customer. Wells Fargos Michael DeVito to Lead Mortgage Production. You will receive additional instructions via email. Wells Fargo & Company has named Kristy Fercho as the new head of Wells Fargo Home Lending. To opt in for email alerts, please enter your email address in the field below and select at least one alert option. 1349 Empire Central Drive DeVito was previously head of Home Mortgage Servicing and will succeed Codel, who was named head of WFHM last month. premier mortgage lender into a bright future. So DeVito will be taking over from interim CEO Mark B. Grier, who will go back to being a full-time board member. Michael Santomassimo. Base. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Bon Salle has a contract with Homepoint that pays him consulting fee at an annual rate of $500,000, plus an annual bonus of $500,000 to $750,000, in exchange for up to 20 hours of work a week. DeVito took over as head of mortgage production at Wells Fargo in 2015, after previously leading the bank's mortgage servicing operation. Net Worth in 2019. Wells Fargo, Interviewing for a VP position at Wells Fargo. . Whether you are investing for retirement, education expenses or . Looking for job/firm recommendations for my wife: she is currently a client service associate, fully registered (series 65, 63, 7), 5yoe. Your subscription will automatically renew for on . Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
SAN FRANCISCO--(BUSINESS WIRE)--Wells Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Tailored Financial Strategies. I thank the board for their confidence, and I look forward to getting to know the people and leaders who make Freddie Mac so successful.