Ed Haldeman has recently become Chief Executive Officer of Freddie Mac, one of three leading government sponsored enterprises (GSEs) charged with supporting U.S. residential mortgage finance. The business was placed into conservatorship by the US treasury on September 7, 2008. Conservatorship puts the organization with regards to direction and various restrictions on Haldeman.
Haldeman's challenge would be to head Freddie Mac, construct its culture, update its operations and generally prepare the organization for re-emerging from conservatorship. In the backdrop, home costs continue to deteriorate and the business continues to lose money. Moreover, political viewpoints continue to change seeing the future regulatory and equity ownership frameworks for Freddie Mac as it appears from this difficult period.
PUBLICATION DATE: September 15, 2010 PRODUCT #: 411048-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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