Charles “Ed” Haldeman Jr. Steps Down!
Freddie Mac’s Chief Executive Officer, Charles “Ed” Haldeman Jr., will be stepping down from his position by the end of the year. This unforseen, and frankly shocking, turn of events has led to much speculation regarding why he is stepping down.
While the specifics aren’t yet known, and Mr. Haldeman has yet to speak, one can’t help but assume that this is result of recent administration changes to policy and the release of new programs. Of particular interest is the Home Affordable Refinance Program, or better known as HARP, since its expansion was just announced earlier this week.
The governing body over Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) has announced that it will work with the board to create and implement a succession plan to fill the position. The FHFA Director, Edward DeMarco, went on to say that Mr. Haldeman will continue to serve as CEO of Freddie Mac until a successor is hired.
Not to be callous or disrespectful but maybe someone should keep an eye on Mr. Haldeman, as the former CEO of Freddie Mac (Mr. Kellerman) committed Suicide after the housing bubble burst in 2009!
Stick around for more specifics as they are released!
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