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Hutchins, 69, has served as president since December 2020. He will serve as interim CEO until either the appointment of a permanent chief executive or June 20, whichever is earlier.The switch was an order of the Federal Housing Finance Agency, the conservator of Freddie Mac and its sister entity Fannie Mae.The announcement follows Monday's shake-up of both Freddie Mac's and Fannie Mae's boards. Newly appointed FHFA Director William Pulte removed six members from Freddie Mac's board and appointed four new ones, including himself. 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