Fortress Investment Group CEO Daniel Mudd resigned from the alternative investments giant yesterday, just over a month after he was sued by the Securities and Exchange Commission.
Mudd, who had been on a leave of absence since Dec. 21, is accused, along with other former executives of Fannie Mae and Freddie Mac, of making false and misleading statements about the firms’ exposure to subprime mortgages.
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NEW YORK ( Reuters ) - Six former top executives at Fannie Mae and Freddie Mac were sued by U.S. regulators on charges of misleading investors about the mortgage finance companies' exposure to risky home loans in the run-up to the 2008 financial crisis. The case is one of the U.S. Securities and Exchange Commission 's biggest actions against high-level financial industry executives, although the regulator did not specify a dollar amount for damages in the alleged fraud. Many lawmakers...Read Full Story
NEW YORK (Reuters) - Six former top executives at Fannie Mae and Freddie Mac were sued by U.S. regulators on charges of misleading investors about the mortgage finance companies' exposure to risky home loans in the run-up to the 2008 financial crisis. The U.S. Securities and Exchange Commission brought civil fraud charges on Friday against former Fannie Mae CEO Daniel Mudd, former Freddie Mac CEO Richard Syron and four other one-time high-level executives. Mudd, now chief executive of...Read Full Story
NEW YORK ( Reuters ) - Six former top executives at Fannie Mae and Freddie Mac were sued by U.S. regulators, who said they misled investors over the mortgage finance companies' exposure to risky home loans in the lead-up to the 2008 financial crisis. The U.S. Securities and Exchange Commission brought civil fraud charges on Friday against former Fannie Mae CEO Daniel Mudd, former Freddie Mac CEO Richard Syron and four other one-time high-level executives at the companies. Regulators say the...Read Full Story
NEW YORK ( Reuters ) - Six former top executives at Fannie Mae and Freddie Mac were sued by regulators, who said they misled investors over the mortgage finance companies' exposure to risky home loans in the lead-up to the 2008 financial crisis. The Securities and Exchange Commission brought civil fraud charges on Friday against former Fannie Mae CEO Daniel Mudd, former Freddie Mac CEO Richard Syron and four other one-time high-level executives at the companies. Regulators say the executives...Read Full Story
After Mortgage Settlement, Fannie Mae, Freddie Mac Face Renewed Pressure On Principal ReductionTop law enforcement officials in several states are signaling they will pressure Fannie Mae and Freddie Mac to correct what is widely seen as one of the biggest deficiencies of the $25 billion mortgage settlement announced on Thursday: It simply doesn't help that many homeowners. Borrowers whose loans are backed by the government-controlled...
Feb 13 (Reuters) - The following are scheduled sales announcement dates for potential Freddie Mac reference, Fannie Mae benchmark and FHLB global notes for 2012. Freddie Mac and Fannie Mae said the dates below are windows of optional note issuance.
Former Massachusetts Gov. Mitt Romney (R) is refusing to release the names of most of the bundlers raising money for his presidential campaign, with the exception of the names of registered lobbyists as required by federal law. One bundler ...
Feb. 7 (Bloomberg) -- The U.S. House of Representatives voted to require the Obama administration to more fully incorporate Fannie Mae and Freddie Mac into its annual budget. The chamber today voted 245-180 to require the federal government to ...
BloombergInformation on the Attorney General's SettlementLoanSafeIf your loan is owned by Fannie Mae or Freddie Mac, but serviced by the five mortgage servicers named above, you are NOT eligible for loan modification or refinancing under this settlement. Loans that are owned by Fannie Mae or Freddie Mac are not ...What Will Illinois' $1B Robo-Signing Settlement Mean For You?ChicagoNow (blog)Our Opinion: Good first step to fix home crisisThe...
Community banks and credit unions are preparing for a sea change in the world of mortgage financing as the Obama administration moves forward with plans to wind down the operations of mortgage giants Fannie Mae and Freddie Mac, The Washington Post reports.
"There's a variety of possibilities out there . . . but we haven't seen the solution yet," Ann Grochala, with the Independent Community Bankers of America trade group, told the Post.
WASHINGTON, Feb. 2, 2012 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA), the single largest source of mortgage financing for rental housing, today announced 2011 results for its multifamily business. As the demand for quality ...
WASHINGTON, Jan. 24, 2012 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced that the company issued $7.2 billion multifamily MBS(1) in the fourth quarter of 2011, the highest quarterly issuance since Fannie Mae began ...
In the pilots, borrowers granted principal write-downs did not show a better performance than those granted forbearance. Fannie Mae and Freddie Mac were taken over by the federal government in 2008 as home loan losses spiraled. The two companies ...
Real estate professionals will now submit offers online on behalf of clients, receive receipt confirmation and track the status of submitted offers through the HomePath.com website. "Collecting offers online through HomePath.com will provide greater ...
CEO Daniel Mudd has been the chief executive officer of Fannie Mae since 2005. He is 47 years old. Follow Mr. Mudd and Fannie Mae in the news and blogs or share your own opinion about the company and its leadership.