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FRANK E. NOTHAFT

Chief Economist

Frank E. Nothaft was appointed to the position of chief economist in December 2001. In this position, Nothaft is responsible for primary and secondary mortgage market analysis and research, macroeconomic analysis and forecasting. Nothaft is also involved in the analysis of affordable lending activities and policy issues affecting the housing industry.

Prior to being named chief economist, Nothaft served as deputy chief economist for Freddie Mac from 1988, and as a senior economist from November 1986. Nothaft was an economist with the Board of Governors of the Federal Reserve System from 1983 until 1986, where he served in the mortgage and consumer finance section and as the assistant to Governor Henry C. Wallich.

A widely quoted expert on housing and economic issues, Nothaft makes frequent guest appearances in both local and national media outlets.

A member of the American Real Estate and Urban Economics Association, Nothaft holds a Ph.D. in economics from Columbia University.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

11/02