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Freddie's New CFO Was Ally's CFO 

James Mackey named new CFO

Sept. 30, 2013

By Mortgage Daily staff

The former chief financial officer of Ally Financial Inc. will be taking on that same role at the Federal Home Loan Mortgage Corp.

Forty-six-year-old James G. Mackey was CFO and executive vice president at Ally -- the former mortgage giant that previously operated as GMAC Financial Services.

While at Ally, he reportedly led a financial staffing team of a thousand employees. He was responsible for oversight of the company's financial analysis, controls and reporting as well as accounting, business planning and investor relations.

Freddie Mac announced Monday that Mackey has been hired as its CFO.

Mackey will begin his new job on Nov. 1 and report to the McLean, Va.-based company's chief executive officer, Donald H. Layton.

Before starting with Ally in 2009, Mackey was CFO at various Bank of America Corp. units.

His career started in 1992 at PricewaterhouseCoopers LLP. He obtained a bachelor's degree in business administration and a master's degree in accounting from the University of North Carolina at Chapel Hill.

"Jim brings an impressive track record of success in helping a company deal with significant change, including a situation somewhat similar to the conservatorship under which we now operate," Layton said in today's announcement. "This will prove extremely valuable to Freddie Mac as we work to succeed both while in conservatorship and in the future."

He replaces Ross J. Kari, who previously said he planned to retire.

Kari took the CFO job after Freddie's former CFO, David Kellerman, was found dead of an apparent suicide in April 2009.

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