Freddie Mac announced that Daniel Gardner will join the company as the new vice president of single-family affordable lending and access to credit.
In this role, Gardner will be responsible for the company's efforts to responsibly increase the availability of affordable mortgage credit for low- and moderate-income borrowers and underserved communities, Freddie Mac said in a release.
Gardner joins Freddie Mac from Capital One where he has been the vice president for Community Reinvestment Act business development and multicultural lending since 2013.
From 2009 to 2013, Gardner served as the chief operating officer of the National Community Stabilization Trust, a non-profit organization that works with Freddie Mac and other national financial institutions to stabilize local communities by turning foreclosed homes into new homeownership opportunities for eligible low- and moderate-income families.
Prior to joining the National Community Stabilization Trust, Gardner worked for 13 at CitiMortgage, serving as senior vice president and national director for strategic markets from 2006 to 2008.
"We are excited that Danny is joining us. He has more than twenty years of experience making home financing affordable and sustainable for low-and moderate-income borrowers across the country,” said David Lowman, Freddie Mac’s executive vice president of single-family business.
“Danny also has well established relationships with many of our customers as well as the non-profit organizations dedicated to affordable lending," Lowman added. "I am confident Danny's knowledge, executive abilities and long dedication to affordable homeownership will create new opportunities for our customers and Freddie Mac to serve the nation's borrowers."
Gardner will officially join Freddie Mac on March 30.