Bloomberg Law
Nov. 16, 2020, 10:40 AM

Freddie Mac’s Legal Boss to Demand Firms Sponsor Diverse Talent

Ruiqi Chen
Ruiqi Chen

Freddie Mac will soon require outside law firms to prove their dedication to diversity if they want to continue working with the public-private mortgage company.

The Federal Home Loan Mortgage Corp. is launching a talent stewardship program designed to improve the pipeline for diverse lawyers in-house and at outside law firms, according to Ricardo Anzaldua, Freddie Mac’s general counsel and executive vice president. The program is based on a model Anzaldua implemented when he was the top lawyer at MetLife Inc.

“If the firm is made up of 80 to 90% white men, then white men are going to be ...

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