Following in Fannie Mae's footsteps, Freddie Mac yesterday announced changes in its senior management and organization that are effective immediately.

The company's three business lines — single-family Credit Guarantee, headed by Senior Vice President Donald Bisenius; multifamily sourcing, headed by Senior Vice President Michael May; and investments and capital markets, headed by Senior Vice President Gary Kain — will report directly to Freddie Mac Chief Executive Officer David Moffett. 

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