Freddie Mac ( (FMCC) ) has provided an announcement.
On March 20, 2025, the Federal Housing Finance Agency appointed Michael T. Hutchins as the Interim Chief Executive Officer of Freddie Mac, while he continues his role as President. Hutchins, who has been with the company since 2013, brings extensive experience in financial services to his expanded role. Concurrently, the company announced the departure of CEO Diana Reid, who also stepped down from the Board of Directors, marking a significant leadership transition for Freddie Mac.
More about Freddie Mac
Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, operates in the financial services industry, primarily focusing on mortgage loans and mortgage-backed securities. The company plays a significant role in the U.S. housing market by providing liquidity, stability, and affordability to the mortgage market.
YTD Price Performance: 50.74%
Average Trading Volume: 6,481,083
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.07B
Learn more about FMCC stock on TipRanks’ Stock Analysis page.
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