Freddie Mac (FRE.N) (FRE.P), the second largest U.S. home funding source, hopes to name a new chief executive officer and a finance chief next month, the Wall Street Journal said.
Freddie Mac Chief Executive John Koskinen departs the White
House after a meeting about the economy with President
Barack Obama in the State Dining Room in Washington,
March 27, 2009.REUTERS/Kevin Lamarque
John Koskinen, the government-controlled company's interim chief executive and finance chief plans to stay as a chairman, according to the paper.
In an interview with the paper, Koskinen said he hopes to name a new CEO and finance chief next month. He also has to find a new chief operating officer, but that may come later.
The McLean, Virginia-based company also sounded out Steve Preston, who served as secretary of Housing and Urban Development under President George W. Bush, the paper said citing a person familiar with the situation.
Preston withdrew from consideration June 5, in part because he felt he couldn't move the dial at Freddie Mac in the face of significant government oversight, the person told the paper.
Fannie Mae (FNM.N) (FNM.P) and Freddie Mac, the two largest sources of U.S. housing finance, are facing major overhauls of their businesses after being seized by regulators worried the companies were on the verge of collapse.
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