- NVR, Inc. appoints Michael J. DeVito as independent director to its Board, effective July 1, 2025.
- DeVito brings extensive industry experience from his prior roles as CEO of Freddie Mac and Executive VP at Wells Fargo.
- NVR operates in homebuilding and mortgage banking, serving 36 metropolitan areas across 16 states.
NVR, Inc. (NVR, Financial), a leading company in homebuilding and mortgage banking, has announced the appointment of Michael J. DeVito to its Board of Directors as an independent director, beginning his term on July 1, 2025.
DeVito, who served as Chief Executive Officer and Executive Director at Freddie Mac from 2021 to 2024, brings a wealth of experience to NVR with a robust background in mortgage financing. Before his tenure at Freddie Mac, DeVito spent 24 years at Wells Fargo & Company, where he rose to the position of Executive Vice President and Head of Home Lending.
NVR, Inc. is recognized for its homebuilding operations under the brands Ryan Homes, NVHomes, and Heartland Homes, operating in 36 metropolitan areas across 16 states and Washington, D.C. DeVito's addition is expected to enhance the board's independence and reinforce the company's strategic direction in the housing sector.
