BUSINESS
10/26/2011 02:54 pm ET Updated Dec 26, 2011

Freddie Mac CEO Charles E. Halderman Jr. To Resign

Freddie Mac's chief executive, is resigning, the regulator of the company said on Wednesday.

Freddie Mac Chief Executive Officer Charles E. "Ed" Haldeman Jr. will step down by the end of the year. The regulator for Freddie and its sister company, Fannie Mae , the Federal Housing Finance Agency, said it will work with the board at Freddie Mac on developing a succession plan to fill the position.

FHFA Acting Director Edward DeMarco said in a statement that Haldeman will remain at Freddie Mac until a new CEO is hired.

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