Freddie Mac late Thursday said Donald J. Bisenius, executive vice president of its single-family credit guaranty business, received a 'Wells Notice,' which means the Securities and Exchange Commission (SEC) is considering filing civil charges against him.
The Wells notice stems from an SEC inquiry dating back to 2008. At press time no further details were available. The company had no comment except to say that Bisenius is retiring from the company.
Bisenius was named executive vice president of single-family credit in May 2009. He has been with the government controlled GSE since 1992 when he joined as director of portfolio quality.
Two weeks ago CoreLogic revealed that its chief financial officer, Anthony 'Buddy' Piszel, had resigned because he received a Wells notice related to his tenure at Freddie Mac. Piszel served as CFO of Freddie from November 2006 to September 2008.
