Industry NewsMortgage

Freddie Mac in search of CEO, $35 billion

Former U.S. Bancorp exec quits after 6 months
Published on Mar 2, 2009

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by CareyBot

Freddie Mac is looking for a new chief executive officer, and an additional $30 billion to $35 billion in government purchases of the company's preferred stock.

David Moffett, the former U.S. Bancorp executive who was named to lead the company in September after it was placed in government conservatorship, is resigning the job to "return to a role in the financial services sector."

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