Federal Home Loan Mortgage has named John Glessner as its new Chief Risk Officer, effective October 1, 2026, succeeding longtime risk chief Anil Hinduja, who has departed. Glessner previously led investments and capital markets at the company. The leadership change comes amid a sharp selloff in the shares, which are down 7.3% over the past week, almost 30% over 30 days, and 64.44% year to date, though the three-year total shareholder return remains near 5x. A widely followed narrative values the stock at a fair value of $14.70 against a last close of $3.68, implying it is 75% undervalued, supported by mission-driven affordable housing exposure, including the majority of financed units affordable to households at or below 120% of area median income and 66% of multifamily new business labeled mission driven affordable. That narrative could break if refinancing stays muted in a higher rate backdrop or if housing policy shifts hit affordable volumes.
Freddie MacFreddie Mac names John Glessner as Chief Risk Officer, succeeding Anil Hinduja, a leadership change amid a sharp share selloff and housing-policy/refinancing risks.
Yulon Finance Corp