Freddie Mac's CEO Moffett Resigns

By Clay Dillow,  Newser Staff
Posted Mar 2, 2009 8:56 AM CST
Freddie Mac CEO David Moffett speaks during a panel discussion at the 2008 Mortgage Banker's Association Conference and Expo October 20, 2008 in San Francisco, California.   (Getty Images)
camera-icon View 2 more images

(Newser) – Freddie Mac CEO David Moffett has notified the company’s board of directors that he will resign both his position and his seat on the board effective March 13, MarketWatch reports. The board is working with the Federal Housing Finance Agency to appoint a successor. "We expect to name an interim CEO before March 13 to assume David's responsibilities once he leaves," Freddie Mac’s chairman said.