Financial Services >> CEO Interviews >> December 3, 2002
JOSEPH E. AMATO was named Vice President of Finance of Freddie
Mac in April 2001. In this role, he directs Freddie Mac's
financial planning department, shareholder relations group and
the corporation's budgeting area. Mr. Amato has an extensive
background in financial management, strategic planning and
investment management. Prior to joining Freddie Mac, Mr. Amato
was Chief Executive Officer of NextFinance, Inc., a technology-
based mortgage product development firm. Before launching
NextFinance, Inc., Mr. Amato held a series of increasingly
responsible financial, strategic and operating positions at
Fannie Mae, including Vice President of Financial Transactions
and Vice President of Portfolio Strategy. During his career at
Fannie Mae, Mr. Amato managed the portfolio strategy and risk
management department for one of the largest fixed-income
portfolios in the U.S. He also directed Fannie Mae's financial
forecasting group and managed its capital activities. He also led
the company's regulatory policy group, and was manager of the
company's Treasury financing department. Mr. Amato earned an MBA
in Finance from the George Washington University, Washington, DC,
and a BS in Business Administration from the University of
Maryland. Freddie Mac is a stockholder-owned corporation
chartered by Congress in 1970 to create a continuous flow of
funds to mortgage lenders. By supplying lenders with the money to
make mortgages and packaging the mortgages into marketable
securities, Freddie Mac sustains a stable mortgage credit system
and reduces the mortgage rates paid by homebuyers. Over the
years, Freddie Mac has opened doors for one in six homebuyers in
America. Profile
Freddie Mac?
Mr. Amato: Freddie Mac is a shareholder-owned, congressionally
chartered company. We've been a shareholder-owned
