David Andrukonis

Education:
1979, B.S. Virginia Tech, Major – Economics
1984, M.B.A. Virginia Tech

Employment:

FREDDIE MAC
1980-2005

1986-1990
Director. Financial Research
Conducted prepayment, default and other mortgage-related research for internal and external uses. Widely quoted in industry and popular press on mortgage and housing-related matters.

1990-1994
Vice President, Mortgage Finance
Responsible for Freddie Mac's cash window and structured transactions desk. These two lines of business accounted for more than one-third of Freddie Mac's mortgage purchases and security sales.

1994-1999
Senior Vice President, Marketing and Sales
Headed 500-plus person marketing, sales and operations area responsible for customer relationships, product development and pricing, and all operations-related activities. Led strategic redesign of mortgage operations area resulting in reduced funding cycle times.

1999-2001
Senior Vice President, Chief Credit Officer (1999-2001)
Responsible for effective, independent oversight of Freddie Mac's single-family and multifamily credit portfolios.

2001-2003
Senior Vice President, Capital Deployment
Responsible for P&L of Freddie Mac's $1.3 trillion single family guarantee business.

Nov 2003-June30, 2005
Senior Vice President, Chief Enterprise Risk Officer
Responsible for effective oversight of all aspects of the firm’s interest-rate, credit and operational risk management. Reported directly to the Chairman and Chief Executive Officer and was the corporate liaison to the Risk and Audit Committees of the Board of Directors on all risk-related matters.