Freddie Mac Names Credit Officer

Raymond Romano, a four-year Freddie vet, will take over as the company's chief credit officer, a newly created position, Freddie said today, The Post's David Hilzenrath reports.

Washington-based Freddie and Fannie Mae entered federal conservatorship in September to avoid going under, thanks to the sub-prime mortgage crisis. Freddie is the nation's second-largest home mortgage funder.

Romano worked at North American Mortgage Company, Dime Savings Bank of N.Y. and with Citicorp's investment bank before joining Freddie in 2004.

It's hard not to wonder if Raymond Romano doesn't get confused a lot with this guy.

-- Frank Ahrens
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