WASHINGTON - (06/02/05) -- Secondary mortgage market giantFannie Mae, fending off a multi-billion dollar accounting scandal,announced Wednesday it's interim president Daniel Mudd was namedpermanent president and CEO. Mudd, a top executive at Fannie Maefor the past five years, was appointed interim chief in Decemberwhen long-time CEO Franklin Raines was fired for his role in theaccounting scandal, under which the company was found to havemisstated profits by as much as $5 billion. Prior to taking over asCEO, Mudd was the company's chief operating officer. He is the sonof nationally known broadcaster Roger Mudd.
Win Or Lose, Fannie Mae's New CEO IsNamed Mudd
June 02, 2005, 1:00 a.m. EDT 1 Min Read
