Freddie Mac announced on December 16 that the board of directors has appointed Kenny M. Smith as CEO, effective December 17. Smith will also serve as a member of the company's board of directors. According to the statement, Smith previously worked at Deloitte for 27 years. According to reports, US Treasury Secretary Bessent said that the US government is “very prudently” advancing the IPOs of Fannie Mae and Freddie Mac. The IPO will be completed “sometime” next year.

Freddie Mac announced on December 16 that the board of directors has appointed Kenny M. Smith as CEO, effective December 17. Smith will also serve as a member of the company's board of directors. According to the statement, Smith previously worked at Deloitte for 27 years. According to reports, US Treasury Secretary Bessent said that the US government is “very prudently” advancing the IPOs of Fannie Mae and Freddie Mac. The IPO will be completed “sometime” next year.