NVR, Inc. announced the appointment of Michael J. DeVito to its Board of Directors as an independent director, effective July 1, 2025. Mr. DeVito brings significant experience in mortgage financing to the board.
Mr. DeVito previously served as the Chief Executive Officer and an Executive Director of Federal Home Loan Mortgage Corporation (Freddie Mac) from 2021 to 2024. Freddie Mac is a major provider of mortgage financing in the United States.
Prior to his role at Freddie Mac, Mr. DeVito spent twenty-four years at Wells Fargo & Company, holding various senior management positions in home lending, including Executive Vice President and Head of Home Lending. His expertise is expected to benefit NVR's integrated mortgage banking operations.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.