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

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