Freddie Mac’s former CEO is heading back to Harvard

After four years as CEO of Freddie Mac, Donald Layton is heading back to Harvard University, where he was a student in the 1970s. Harvard’s Joint Center for Housing Studies announced on Monday that Layton will be a senior fellow focused on housing finance reform. Michael Stegman, a top advisor on housing policy for the Obama administration, will serve as a senior fellow with the same focus, Harvard said.