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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.