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by CareyBot

Freddie Mac has chosen a senior vice president-controller and principal accounting officer, the mortgage giant said Tuesday. James Egan will take the position effective April 3, 2006, the government-sponsored enterprise said. Egan, 53, has been executive vice president and controller for MBNA America Bank. He will report directly to Martin Baumann, Freddie Mac's executive vice president-finance and chief financial officer, Freddie Mac said. As controller, Egan will be responsible for accounting policy, external reporting and financial disclosures, corporate accounting and analysis, internal controls and regulatory reporting. Both Freddie Mac and its fellow government-sponsored enterprise, Fannie Mae, have been rocked by accounting scandals. In December 2004, Fannie Mae replaced Franklin ...