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Freddie Mac Executive Vice President Dismissed

Associated Press
Friday, 25 Jun 2010 | 9:59 AM ET

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 on Friday.

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

The company didn't say why Perlman was let go on 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 based in McLean, Virginia, has been effectively owned by the government after nearly collapsing in September 2008.

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

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