John Koskinen

John A. Koskinen was named as Freddie Mac's interim chief executive officer in March 2009, having served as non-executive chairman since September 2008, when the Federal Housing Finance Agency (FHFA) placed the company into conservatorship. He will be serving in this capacity until FHFA appoints a permanent CEO.

As non-executive chairman, Koskinen was responsible for ensuring strong corporate governance and forming a new Board of Directors for Freddie Mac. He was appointed to the position by FHFA Director James B. Lockhart.

Koskinen has extensive public and private sector experience. He worked at the Palmieri Company for many years, including serving as President and CEO from 1979 to 1993. There he participated in the restructuring and turnarounds of many companies including the Penn Central Transportation Company, Levitt and Sons, Inc. and Mutual Benefit, the largest insurance company in history to fail.

Most recently, Koskinen served as president of the United States Soccer Foundation. Prior to that, he served as deputy mayor and city administrator of the District of Columbia, where he was responsible for the operation of all city departments.

Koskinen has also occupied several senior positions with the federal government, including service as deputy director for management in the Office of Management and Budget, where he coordinated the work of the chief financial officers, chief information officers and inspectors general of all government agencies. He also guided the country into the new millennium as the Chair of the President's Council on Year 2000 Conversion.

Koskinen earned his law degree from the Yale University School of Law, where he was graduated cum laude. He also has a Bachelor's degree magna cum laude in physics from Duke University. He served for 12 years as a trustee of Duke University and was also chairman of the Board for three years. He currently serves on the Boards of the AES Corporation, American Capital, Ltd. and the nonprofit D.C. Education Compact.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.