Treasury, FHFA Chiefs Preparing for Freddie CEO’s Exit
- Layton is expected to step down in coming months, people say
- Vacancy will strengthen Trump’s hand in shaping housing policy
Freddie Mac CEO Don Layton
Photographer: Patrick T. Fallon/Bloomberg
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The Treasury Department and a key housing regulator are preparing to fill a second possible vacancy atop a U.S.-controlled mortgage giant, a move that could strengthen the Trump administration’s hand in addressing unfinished business from the 2008 credit crisis.
Officials at Treasury and the Federal Housing Finance Agency have begun discussions on finding a successor for Freddie Mac Chief Executive Officer Donald Layton, who they expect will announce that he wants to step down in the coming months, according to people familiar with the matter who asked not to be named because the discussions are private.