With Freddie Mac forced to oust its CEO Greg Parseghian, analysts say that this would have near-term negative implications for MBS.

After the close of trading Friday, the Office of Federal Housing Enterprise Oversight said that Freddie Mac would replace Parseghian as well as the GSE’s general counsel Maud Mater. However, Parseghian will be allowed to remain as CEO and President until a suitable replacement is found.

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