Freddie Mac's board of directors has selected Charles E. Haldeman Jr., a top executive at Putnam Investments, to be its next chief executive, according to a source familiar with the matter.
"He's the leading candidate," said the source.
The nomination has been sent to its regulator, the Federal Housing Finance Agency, which has yet to act on the pick.
Mr. Haldeman would replace John Koskinen, a former Clinton Administration official.Mr. Koskinen replaced David Moffett who took control of the GSE when the government placed it into conservatorship this past fall.
In other company news, the GSE said in a new regulatory filing that it received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities.
Counting the new infusion, the Treasury Department, to date, has given the GSE $51.7 billion to keep its net worth above zero.