Freddie Names 3 Veeps

Freddie Mac has appointed three new vice presidents, two of whom have been serving in the posts on an interim basis.Margaret A. Colon was named vice president of corporate finance operations in the Corporate Finance Division; Charles Foster was named vice president for the Securities Sales & Trading Group in Freddie Mac's Single Family Securitization Group; and Jesse Abraham was promoted to vice president for servicer analytics and risk management in the Servicer Division. Ms. Colon, who has been serving in her post since November 1997, is responsible for all operational risk, information management, strategic engineering, and portfolio administration processes for Freddie Mac's $200 billion retained portfolio and provides treasury services for cash and security transactions. A 15-year veteran of Freddie Mac, she was previously vice president and assistant to the president. Mr. Foster, who has also been serving in the appointed post on an interim basis, oversees the daily operation of Freddie Mac's broker/dealer function, including securities trading and underwriting, repo funding, credit and interest rate risk management, institutional sales, and research. He was previously national sales director of the Securities Sales & Trading Group. Mr. Abraham's new post, vice president for servicer analytics and risk management, is a newly created position in the Servicer Division. "The creation of a new senior position in this area recognizes the importance of information management and analytical tools to the division's future success," said Paul Peterson, senior vice president of the Servicer Division. Mr. Abraham was previously the division's director of credit loss forecasting. Freddie Mac's website address is http://www.freddiemac.com.