Raphael Bostic, professor at the Price School of Public Policy at the University of Southern California in Los Angeles, has been elected to the board of directors of the Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, the large government-sponsored mortgage finance company.
“This is an exciting opportunity to be part of an organization that has a long, very positive history in shaping housing in the U.S.,” Professor Bostic said. “It’s an important organization, and it’s an honor to be a part of it.”
Professor Bostic also serves as director of the Bedrosian Center on Governance and the Public Enterprise at USC. He first joined the faculty at USC in 2001. He went to Washington in 2009 for three years to serve as assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development. Professor Bostic will continue to serve on the USC faculty as he assumes his new duties with Freddie Mac.
Dr. Bostic is a graduate of Harvard University, where he double majored in economics and psychology. He holds a Ph.D. in economics from Stanford University.