FANNIE PICKS DELOITTE, INTERIM CRO
Washington - Two weeks after ousting former auditor KPMG LLP, beleaguered mortgage giant Fannie Mae has hired Deloitte & Touche LLP to perform its 2004 audit and to re-audit prior-period financial statements that it will restate. Fannie Mae said that it will review the terms of the engagement with its regulator, the Office of Federal Housing Enterprise Oversight. As part of its agreement with the OFHEO, the board in early January named as interim chief risk officer Adolfo Marzol, Fannie Mae's senior vice president for corporate strategy. Marzol previously served as the company's chief credit officer.
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