In an interview at its headquarters, Freddie Mac, the second largest U.S. home funding source, hopes to name a new CEO (chief executive officer) and a finance chief next month.

According to the paper, John Koskinen, chairman as well as interim chief executive and finance chief of Freddie Mac, US based mortgage major, plans to continue as a chairman of the company. 

Freddie Mac and Fannie Mae, the two largest sources of U.S. housing finance, are facing most important revamps of their businesses after being seized by regulators.
The companies which are on the brink of collapse have been in the process of appointing specialists to help them out.

It may be mentioned here that the Obama administration in March appointed Kent Kresa in charge of General Motors Corp.'s board after driving out Rick Wagoner as chairman and CEO. Moreover, former AT&T Corp. CEO Edward Whitacre Jr. was appointed as GM's next chairman.

However, Mr. Koskinen said that company's regulators would not allow Freddie to pay top executives as much as in the past.

One more thing worth mentioning here is that regulators now will use their veto rights over major decisions at Freddie and Fannie Mae.

Mr. Koskinen became interim CEO in March after the stepping down of David Moffett. Further he shouldered the responsibility of finance chief in April after the demise of David Kellermann.

Holding all these posts at Freddie that has posted losses totaling $60 billion over the past four quarters, would be a challenge for Mr. Koskinen.