Fannie Makes Interim Veeps Permanent

Fannie Mae has announced the appointment of three executives to the posts they have held on an interim basis since December.The three executives are as follows: Thomas Lund, executive vice president of Fannie Mae's single-family mortgage business; Kenneth Bacon, executive vice president of housing and community development; and Richard Lawch, senior vice president of Fannie Mae's multifamily mortgage business. Daniel H. Mudd, president and chief executive officer of the government-sponsored enterprise, said Fannie is also proceeding with the selection process for a permanent chief financial officer, credit risk officer, and chief ethics officer and hopes to make those announcements "as quickly as possible." Fannie Mae can be found on the Web at http://www.fanniemae.com.