Freddie Mac government affairs representative Ira Paull is striking out on his own. So far, Freddie Mac is the lobbyist's only client, but Mr. Paull is talking to other prospects. If he can land enough business, Mr. Paull said, he hopes to hire some additional talent.

Before his three years at the Federal Home Loan Mortgage Corp., Mr. Paull rose to deputy Republican staff director in seven years with the Senate Banking Committee. He also served stints at the Securities and Exchange Commission and Washington law firm Steptoe & Johnson.

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