CEO Daniel Mudd

CEO Daniel Mudd

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.

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From:   www.ap.org
Government controlled mortgage provider Fannie Mae said Monday the U.S. Treasury has blocked its plans to sell more than $2.5 billion in low-income housing tax credits. In a regulatory filing Monday, Fannie Mae, formally known as Federal National Mortgage Assoc., said it had planned to transfer equity interest in the credits to investors. The Treasury, however, blocked the move saying it would result in a loss of tax revenue greater than the savings to the government. Fannie Mae said it was evaluating whether it must record the credits as an impairment in the fourth quarter. As of Sept. 30, the value of the credits ... Read Full Story
From:   www.ap.org
Among the earnings stories for Thursday, Nov. 5, from AP Financial News: WASHINGTON (AP) — Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising. HOUSTON (AP) — Prison and treatment services operator Cornell Cos. said its third-quarter profit shot up 39 percent, driven by higher revenue from expansion and higher populations at its facilities. HOUSTON (AP) — Oil and gas company W&T Offshore Inc. posted a loss in the third-quarter amid a 42 percent drop in revenue. NEW YORK (AP) — ... Read Full Story
From:   www.ap.org
Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as taxpayers' bill from the housing market bust keeps getting bigger. The mortgage finance company, seized by federal regulators in September 2008, posted a quarterly loss of $19.76 billion, or $3.47 per share. The loss includes $883 million in dividends paid to the Treasury Department and compares with a loss of $29.41 billion, or $13 per share, in the year-ago period. The results were driven by $22 billion in credit losses as the company continued to build its reserves for sour mortgages. The ... Read Full Story
Written by mortgagenewsclips on
They are 90%+ of the mortgage market …..  (BC)   No Money Down Mortgages Continue – Eric Falkenstein – …  FHA is aggressively promoting lending with only 3.5% down, and the $8k tax credit for buying a house less than $200k…. A person who can’t afford a down payment should not be in a home . One needs capital to pay for routine maintenance, and most importantly, if something major happens, like if a heater breaks. A renter is someone who does not have the wherewithall to handle these large, unanticipated expenses … The government’s program reminds me of the technique children independently discover ... Read Full Story
WASHINGTON (Reuters) - James Lockhart, the U.S. regulator who nationalized Fannie Mae and Freddie Mac, will soon resign after more than three years as overseer for the mortgage finance companies, an administration official said on Wednesday. Lockhart will step down very soon as head of the Federal Housing Finance Agency, the official said, but no decision has been made about a suitable long-term replacement, or the role that person would have in shaping housing policy. Lockhart himself, when asked in a Reuters interview if he is leaving soon, would not comment on any move but said he was proud of his work as a ... Read Full Story
My lender told me they could not approve my mortgage for a new home (Nov 2009) because even though I have over an 800 credit rating, no late payments and fully quality in every way, Fannie Mae has just put...  
From complaintsboard.com ()
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CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Bank of America (NYSE: BAC), MGIC (NYSE: MTG), Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE) and Gymboree Corp. (Nasdaq: GYMB). Get the most recent insight from Zacks Equity...  
From businesswire.com ()
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WASHINGTON, Nov. 20 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:  
From rss.prnewswire.com ()
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Chris Thorman at SoftwareAdvice.com sent me his latest post this AM: Own to Rent: Breaking Down Fannie Mae’s Deed for Lease Program. That's correct, the title reads "Own to Rent," not at all the rent to own scenario of which...  
From truegotham.com ()
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Posted To: MBS CommentaryGot this email update from eFannieMae last night.... Fannie Mae lanza nuevo HomePath.com en español, con el propósito de ayudar a más hispanos a adquirir su vivienda. Herramientas interactivas e información diseñada para guiar a los potenciales propietarios a través del proceso de adquisición de una vivienda y prevenir una ejecución hipotecaria Fannie Mae Launches New HomePath.com in Spanish Aimed at Helping More...  
From mortgagenewsdaily.com ()
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Heritage.orgFannie, Freddie Woes Hurt ApartmentsWall Street Journal... stepped up their lending for apartment buildings as the commercial real-estate market peaked, and they are now facing rapidly rising loan losses. ...Trouble Brewing At Fannie Mae (FNM) And Freddie Mac (FRE)BenzingaStevens Lauds Realtor(R) Role in Housing Recovery, Assures Soundness of FHA ...SYS-CON Media (press release)all 194 news articles »  
From news.google.ca ()
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The Service Employees International Union has Goldman Sachs in its sights.   Why not  Fannie Mae, Freddie Mac or Congress? The union will lead a protest Monday in front of the building that houses Goldman's Washington offices (one wonders why they aren't protesting in front of the New York office given that the DC office doesn't house [...]  
From briansullivan.blogs.foxbusiness.com ()
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Fannie Mae is in more financial trouble:Fannie Mae, the federally controlled mortgage finance giant, said Thursday it lost $19 billion in the third quarter and had submitted a request to the Treasury Department for $15 billion in more aid to stay afloat.District-based Fannie Mae and its McLean sibling, Freddie Mac, were seized in early September 2008 by the federal government. Since then, Fannie Mae has lost $111 billion. The $15 billion in...  
From bubblemeter.blogspot.com ()
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Rising delinquencies for government-sponsored mortgage giants Fannie Mae and Freddie Mac could be most detrimental to the multi-family market. The two housing financiers accounted for 84 percent of all multi-family lending last year. If they were to reduce activity in that sector in the face of maturing loans, "apartment transactions could come to a near standstill," a report from the Harvard University Joint Center for Housing Studies found...  
From feedburner.com ()
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Fannie Mae is now offering a new commercial loan modification program aimed exclusively at commercial real estate owners who are unable to make their monthly mortgage payments. The new program called the Payment Reduction Plan (PRP) comes as welcome relief to many apartment building, office building and shopping center owners who have seen drastic [...]This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved. Commercial...  
From biggerpockets.com ()
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