Top Freddie Mac Executive VP Renzi resigns
WASHINGTON (AP) -- A top executive at government-controlled mortgage giant Freddie Mac is leaving the company about a year after he was promoted to oversee its single-family mortgage business.
Anthony Renzi resigned to accept a job with another financial company, Freddie CEO Ed Haldeman said Monday in an internal email. The other company wasn't named. Renzi's departure as executive vice president of single-family business and operations and technology takes effect next month.
The move is the latest in a series of departures of top executives from Freddie and its larger sibling Fannie Mae, which were rescued by the government in September 2008 after massive losses on risky mortgages threatened to topple them. Taxpayers have spent about $170 billion to rescue the companies.
CEO Haldeman plans to leave this year as well.
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