David B. Lowman is joining Freddie Mac as the executive vice president for the single-family business.

Lowman brings significant leadership and mortgage experience to his new role, having run some of the nation’s largest mortgage operations. At Freddie Mac, he will have broad responsibility for the single-family line of business, including managing the company’s relationships with its seller/servicers, the performance of Freddie Mac’s guarantee book of business and all sourcing, servicing and business operations.

"We are extremely pleased that Dave will be joining us. He has spent more than three decades in the mortgage business, has broad experience in virtually all aspects of mortgage finance, and already has well established relationships with many of our customers," CEO Donald H. Layton said in a statement. "He is a smart, highly effective executive and I am confident that he will make a major contribution to Freddie Mac as we continue to improve how we serve our customers and support the nation’s housing recovery."

Lowman served as CEO of Chase Home Lending from 2006 to 2011. Prior to that, he spent a decade in senior leadership roles in various lending businesses of Citigroup, including head of CitiMortgage and Citicorp Trust Bank, FSB.

Lowman holds a bachelor’s degree in business management and accounting from the University of Maryland’s College of Business and Management.