WASHINGTON—The chief executive of mortgage-finance company Freddie Mac plans to step down in January, the company said in a securities filing Friday, a surprise move that comes as prospects dim for an exit from government control for the firm and its larger sister, Fannie Mae.

The company gave no explanation for the unexpected departure of David Brickman, 54, a Freddie veteran who had led the company since July 2019.

“This…

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Texas police arrest 5 for allegedly targeting Asian Americans in string of burglaries

Police in North Texas have arrested five people in connection with a…

Hormel’s Revenue Slips 5% on Fewer Turkey Sales

Business Earnings Food producer reports 19% drop in volumes for refrigerated goods…

Bath & Body Works Backs Board in Potential Proxy Battle

Business Retailer says Daniel Loeb’s hedge fund is focused on adding former…

Poor conditions and low pay for truckers helped fuel supply chain crisis

The idea of a national trucker shortage has gained popularity as one…