Exeter Financial Hires Freddie Mac Executive as CFO

By Tanaya Macheel May 22, 2015, 4:12 p.m. EDT 1 Min Read

Consumer banking

What Auto Bubble? Subprime Lender Looks to Deflate Critics

The chief executive officer of Exeter Finance responds to critics who argue that it's become too easy for Americans with low credit scores to finance a car purchase.

By Kevin Wack

February 19
Consumer banking

Auto Lender Exeter Names New CEO

Subprime auto lender Exeter Finance will have a new chief executive in two weeks.

By Kevin Wack

October 22

Exeter Financial has hired Freddie Mac executive Paige H. Wisdom to be its chief financial officer.

Exeter, a subprime auto lender in Irving, Texas, on Friday said Wisdom's appointment will be effective June 8. Exeter did not identify its current CFO and the company could not be reached for comment.

Wisdom has been chief enterprise risk officer at Freddie Mac since 2010. She had previously been CFO for Bank of America's global business and financial services division.

Exeter, one of the largest issuers of subprime auto bonds, is majority-owned by the private equity firm Blackstone Group.

Tanaya Macheel

Reporter

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