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Freddie Mac Cfo Resigns, Shares Fall

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NEW YORK (Reuters) - Martin Baumann, the respected chief financial officer of Freddie Mac (FRE.N: Quote, Profile, Research), has resigned less than three years after taking the job at the second-largest U.S. mortgage funding company, which is still recovering from an accounting scandal.

Freddie Mac's president and chief operating officer, Eugene McQuade, will assume the CFO responsibilities, effective immediately, while a search for a successor is under way, the company said on Wednesday

Does he know something we don't??


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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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