Fannie Mae, which likely will not report any earnings this year, has created six new positions in its finance division and appointed nine new officers.Two of the new appointees -- R. Scott Blackley (senior vice president of accounting policy) and Nicholas Radesca (vice president of financial reporting) -- replace Fannie Mae executives who have been demoted but are now serving in full-time advisory roles at the company. The new positions are part of a major shake-up in Fannie's finance division. The controller's office is headed by vice president and controller David Hisey, who joined Fannie in January. Mr. Hisey oversees four major reporting functions: financial controls and systems, financial reporting, accounting operations, and valuation and price verification. Fannie director H. Patrick Swygert said the new positions and appointments represent the first phase of a "significant reorganization" at the government-sponsored enterprise.

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