Freddie Mac said Wednesday that its fourth-quarter net loss narrowed 5.7% from the third quarter, to $23.9 billion.

The McLean, Va., government-sponsored enterprise also said it had named John Koskinen, its nonexecutive chairman, to be the interim chief executive. Koskinen will succeed David Moffett, who said last week that he plans to resign by Friday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.