Fannie Mae Names Interim Chief Mudd as Permanent CEO; Decision Ends Months of Speculation About GSE’s Future
June 2, 2005
Fannie Mae is apparently set to stay the course in its effort to recover from the accounting scandal uncovered last year by naming interim CEO Daniel Mudd as the permanent replacement of former chief executive Franklin Raines. Mudd, 46, was named interim CEO after Raines stepped down late last year when the Securities and Exchange Commission ordered Fannie to restate its books for the past several years because of questionable accounting practices. Mudd had served…