Fannie Mae has hired Wells Fargo mortgage executive Anthony 'Tuck' Reed as a senior executive in charge of customer strategy and support in its single-family business, according to colleagues who have been briefed on the matter.
Tuck will report to Fannie executive Zach Oppenheimer, said one official. A Fannie spokesman did not return a telephone call about the matter.
It was the GSE's second significant hiring in the past two weeks. Recently, Fannie hired Adam Glassner, executive vice president in charge of capital markets for Residential Capital Corp./GMAC Mortgage.
Glassner, servicing officials said, has been tasked with expanding Fannie's reach to smaller servicers. "They want to work with more servicers, not less," said one Washington-based consultant.
During his career Reed has worked for SunTrust Mortgage, and other lenders.