Freddie Mac Names Ex-ETrade Head as New CEO

Donald Layton, the former chief executive of brokerage firm E(asterisk)Trade Financial Corp, will be the next CEO of Freddie Mac.

The head of US mortgage finance giant Freddie Mac will resign next year, the government said Wednesday in announcing changes at the top of the government-seized firm.Charles Haldeman, chief executive of Freddie Mac, "recently informed the board of his desire to step down some time in the coming year," the Federal Housing Finance Agency (FHFA) said in a statement.Haldeman has assured the board that he will remain as CEO until the transition has taken place, said the FHFA, which oversees Freddie and sibling Fannie Mae, bailed out in 2009 taxpayer-funded rescues.

Mortgage giant Freddie Mac is naming the former head of E*Trade Financial, Donald Layton, as its new CEO.

Mortgage giant Freddie Mac is naming the former head of E(asterisk)Trade Financial Corp. as its new CEO.

WASHINGTON (Reuters) - Freddie Mac , the No.