Freddie Mac (FRE) announced that its chief executive officer, David Moffett, has notified the chairman of the board of directors of his resignation from his position as chief executive and as a member of the board effective no later than March 13, 2009. Moffett indicated that he wants to return to a role in the financial services sector.
In a separate press release, Freddie announced it would not issue a Reference REMIC security during the week of March 9, 2009. The company's 2009 Reference Notes and Reference REMIC calendar designates monthly issuance weeks that it may use to issue new Reference REMIC securities.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.