---
schema_version: "secwatch.filing_event.v1"
accession: "0001026214-24-000031"
form_type: "8-K"
ticker: "FMCC"
cik: "0001026214"
company_name: "FEDERAL HOME LOAN MORTGAGE CORP"
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T16:30:15.802181+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Freddie Mac CEO Michael DeVito departs; President Michael Hutchins named interim CEO

## Summary
- Michael J. DeVito stepped down as CEO effective March 15, 2024.
- President Michael T. Hutchins appointed interim CEO starting March 16 and will join the Board.
- Hutchins will serve until a permanent CEO is named or September 30, 2024.
- Board continues search for a permanent CEO; Hutchins retains oversight of key divisions.
- Hutchins has been President since 2020 and previously led Investments & Capital Markets at Freddie Mac.

## SEC filing metadata
- accession: 0001026214-24-000031
- form_type: 8-K
- ticker: FMCC
- cik: 0001026214
- company_name: FEDERAL HOME LOAN MORTGAGE CORP
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1026214/000102621424000031/0001026214-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1026214/000102621424000031/fmcc-20240315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001026214-24-000031
- JSON: https://secwatch.observer/filing/0001026214-24-000031.json
- Plain text: https://secwatch.observer/filing/0001026214-24-000031.txt

## Key facts
- Executive change
  Michael J. DeVito departed as Chief Executive Officer at FEDERAL HOME LOAN MORTGAGE CORP.
  - Action: departed
  - Role: Chief Executive Officer
  source text: Following the departure of Michael J. DeVito as Freddie Mac’s Chief Executive Officer (CEO) effective March 15, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1026214/000102621424000031/0001026214-24-000031-index.htm
- Executive change
  Michael T. Hutchins was appointed as Interim Chief Executive Officer at FEDERAL HOME LOAN MORTGAGE CORP.
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: President Michael T. Hutchins has been appointed to the additional role of interim CEO of the company effective March 16, 2024 and will become a member of Freddie Mac’s Board of Directors on that date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1026214/000102621424000031/0001026214-24-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.