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Freddie Mac Appoints Interim CEO and Chairman

Freddie Mac says John Koskinen will take over as interim chief executive of the mortgage giant. Robert Glauber will become interim non-executive chairman.

Koskinen takes over for CEO David Moffett, who said he would resign from his position atop the company and as a member of the board by March 13.

Koskinen has served as non-executive chairman at Freddie Mac since September. His position as chairman will be taken over by Glauber, who joined Freddie Mac's board in 2006.

Freddie Mac, along with Fannie Mae, were taken over by the government in September amid the ongoing credit and mortgage crisis. The pair are now under conservatorship of their government regulator, the Federal Housing Finance Agency.

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