Freddie Mac CEO To Step Down Amid Larger Board Shake-Up

Law360, New York (October 26, 2011, 10:46 PM EDT) -- The CEO of Freddie Mac is resigning after a 26-month year tenure that saw the bailed-out mortgage finance firm limp along in federal receivership after the mortgage-market collapse, the company announced Wednesday.

Charles “Ed” Haldeman Jr. told the company he will step down “sometime in the coming year," according to Freddie public filings and statements by the Federal Housing Finance Agency, which regulates the entity and its sister company Fannie Mae.

Two board members have also reached Freddie Mac's mandatory retirement age of 72, bringing the...
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