Departing Freddie Exec Renzi Lands at Citi

Published 1 Min Read

Freddie Mac executive Anthony Renzi has accepted a senior mortgage job with Citigroup, after weighing a position with Wilbur Ross’ fast-growing mortgage empire, according to industry sources.ASR sister publication National Mortgage News (NMN) tweeted about Renzi’s job offers on its Web site early Monday afternoon.

CitiMortgage, of O’Fallon, Mo., is the nation’s third largest residential lender and fourth largest servicer, according to figures compiled by NMN and the Quarterly Data Report.

Renzi, who joined Freddie Mac last spring as part of a major reorganization at the GSE, resigned from the company effective May 11.

At Freddie he holds the title of executive vice president of single-family business, operations and information technology. He joined the company in April 2011 after being forced out of GMAC Mortgage.


For reprint and licensing requests for this article, click here.


More From Asset Securitization Report

Surprise: CitiMortgage Kisses Wholesale Goodbye

CitiMortgage, the nation’s sixth largest residential wholesaler, Wednesday afternoon informed its loan brokers that it will cease table funding loans next week as it prepares to exit the channel. A CitiMortgage spokesman said that most mortgage workers in the wholesale division will be absorbed into the company. “The jobs lost will be in the low […]

SEC Suits Against Fannie, Freddie Execs Appear Targeted to End Careers

There’s no law against running a flawed business poorly. If there were, the Securities and Exchange Commission (SEC) would have far more to work with in going after former Fannie Mae and Freddie Mac bosses for misleading investors. Federal investigations of the GSEs have been underway for several years on a notably modest scale. The […]

CitiMortgage Top Jumbo Lender in 2008

CitiMortgage ranked first among all jumbo lenders last year, but industry-wide residential fundings in this once hot sector fell by 57% according to new figures compiled by National Mortgage News (NMN) and the Quarterly Data Report. NMN found that the nation’s jumbo lenders originated just $139 billion in 2008, compared to $325 billion the year […]

Whispers; March 24, 2008

The structured finance group at Standard & Poor’s continues to adjust to layoffs announced earlier. According to people familiar with the rating agency, Russell Long, a managing director in the CDO group, will leave the company, along with a substantial portion of the CDO group. Ted Burbage, managing director of structured finance ratings, was among […]