ARDMORE, Okla. (AP) - An Ardmore native has been tapped to run the troubled mortgage-finance company Freddie Mac.
U.S. Treasury Secretary Henry Paulson named David M. Moffett the new chief executive officer on Sunday as part of the Treasury Department's takeover of the Virginia-based mortgage giant.
The 56-year-old Moffett is a 1970 graduate of Ardmore High School and the former vice chairman of US Bancorp.
Moffett holds degrees from the University of Oklahoma and Southern Methodist University.
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