Freddie Mac exec fired for unspecified reason


Published: June 25,2010

Tags: financial markets, housing, mortgages, real estate

MCLEAN, Va. — Freddie Mac says one of its executive vice presidents has been fired from his job.

The mortgage finance company disclosed the “termination” for Michael Perlman in a regulatory filing today.

Perlman was the executive vice president of the company’s operations and technology.

The company didn’t say why Perlman was let go Monday. But the company says his severance still needs to be approved by the Federal Housing Finance Agency.

He’ll remain an employee of the company until early August.

The mortgage finance company has been effectively owned by the government after nearly collapsing in Sept. 2008.

Its shares slipped a penny to 46 cents in morning trading.

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