Freddie Mac Names Hutchins Interim CEO as Pulte Revamps

Freddie Mac, one of the key government-backed housing finance entities, named its president, Mike Hutchins, as interim chief executive officer, according to a person familiar with the matter.

Freddie’s former CEO, Diana Reid, was terminated, said the person, asking not to be identified citing private information. Hutchins was named as president in 2020 and is a member of the company’s senior operating committee, with the leaders of businesses including its single-family and multifamily operations reporting to him, according to its website.