Freddie Mac VP resigning

Tue., May 1, 2012

Associated Press

WASHINGTON – A top executive at government-controlled mortgage giant Freddie Mac is leaving the company about a year after he was promoted to oversee its single-family mortgage business.

Anthony Renzi resigned to accept a job with another financial company, Freddie CEO Edward Haldeman said in an internal email. The other company wasn’t named. Renzi’s departure as executive vice president of single-family business and operations and technology takes effect next month.

The move is the latest departure of top executives from Freddie and its larger sibling Fannie Mae, which were rescued by the government in September 2008 after massive losses on risky mortgages threatened to topple them. Taxpayers have spent about $170 billion to rescue the companies – the most expensive bailout of the financial crisis. It could cost nearly $200 billion more to support the companies through 2014 after subtracting dividend payments, according to the government.

CEO Haldeman plans to leave this year as well.

Paul Mullings, a senior vice president, will temporarily assume Renzi’s responsibilities.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Freddie Mac VP resigning

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Updated: Wingstop opening downtown Spokane location

Iran war volatility strains trading in world's biggest markets

Space tourism dream flounders as millionaire demand dries up