Tags: US | Freddie | Mac | Executive | Dismissed

Freddie Mac Executive Vice President Dismissed

Friday, 25 Jun 2010 05:07 AM

 

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Freddie Mac said Friday that one of its executive vice presidents was fired this week.

In a regulatory filing on Friday, the mortgage finance company gave no reason for Michael Perlman's "termination."

Perlman was executive vice president of Freddie Mac's operations and technology until Monday. He joined the company in 2007 from Morgan Stanley.

The Freddie Mac said his severance still needs to be approved by the Federal Housing Finance Agency and that Perlman will remain an employee of the company until early August.

A message left at a telephone listing for Perlman in northern Virginia wasn't immediately returned Friday. The company said it would make no further comment beyond the regulatory filing.

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

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

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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