Fannie Mae-No Politics (FNMA)

[camaro4me]

Don't need 2 CFOs

Freddie Mac CFO James Mackey stepped down after 6 years in the role

2:05 pm ET December 19, 2019 (MarketWatch)

Freddie Mac (FMCC) disclosed Thursday that Chief Financial Officer James Mackey had stepped down, effective Wednesday, after six years in the role.

The government-sponsored mortgage company named Donald Kish, current the corporate controller and principal accounting officer, as interim CFO, effective Thursday.

Kish has been controller and PAO since May 2018. The disclosures were made in an 8-K filing with the Securities and Exchange Commission.

Freddie Mac's stock rose 4.0% in afternoon trading. It has tumbled 14.3% over the past three months, but had nearly tripled (up 195%) year to date. In comparison, the S&P 500 has gained 6.6% the past three months and 27.8% this year.

-Tomi Kilgore; 415-439-6400; [e-mail]

(END) Dow Jones Newswires

December 19, 2019 14:05 ET (19:05 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.