Freddie Mac (FMCC.OB) is preparing to name Donald Layton as its next CEO, sources say. Layton,...

|About: Freddie Mac (FMCC)|By:, SA News Editor

Freddie Mac (FMCC.OB) is preparing to name Donald Layton as its next CEO, sources say. Layton, the former chief executive of E-Trade, would be the mortgage giant's third CEO in four years. An announcement could come as soon as tomorrow.