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Freddie Mac's interim CFO to assume role permanently

BY Reuters | AGENCY | 01/07/25 10:26 AM EST

Jan 7 (Reuters) - Mortgage finance firm Freddie Mac said on Tuesday James Whitlinger, who has been filling in as its interim chief financial officer since June, has taken on the role permanently.

In his decade-long stint at the company, Whitlinger has also served as its senior vice president and finance chief of the single-family business.

Freddie Mac and Fannie Mae, which were created to broaden homebuyers' access to mortgage financing, have been under the control of the U.S. government since being battered during the 2008 financial crisis.

Their shares surged to multi-year highs last week after federal agencies revealed a framework for their "orderly" eventual release from conservatorship.

U.S. President-elect Donald Trump's administration is widely expected to take steps to return the companies to private ownership. Similar efforts during his first term fell short. (Reporting by Niket Nishant in Bengaluru; Editing by Shilpi Majumdar)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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