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
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
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
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 scottpasinski on
Nov. 6 -- Bloomberg's Jane King summarizes the day's top stories in the Bloomberg Business Report. Read Full Story
Written by rbenvin on
Read full story for latest details. Read Full Story
Make no mistake: we’re on course to have government commandeer one-sixth of our economy. The people who gave us Fannie Mae and Freddie Mac now want to run our health care. Think about that. All of us who value the sanctity of life are grateful for the success of the pro-life majority in the House this evening in its battle against federal funding of abortion in this bill, but it’s ironic because we were promised that abortion wasn’t covered in...  
From freerepublic.com ()
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The paper concludes that the probability of default by the GSEs is extremely small. Given this, the expected monetary costs of exposure to GSE insolvency are relatively small -- even given very large levels of outstanding GSE debt and even...  
From econlog.econlib.org ()
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The U.S. Treasury blocks the proposed sale of low-income housing tax credits held by embattled mortgage lender Fannie Mae because officials have determined that the transaction would be too costly to taxpayers, according to media reports.  
From marketwatch.com ()
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Washington, Nov 7 (THAINDIAN NEWS) Government controlled U.S. mortgage finance company Fannie Mae announced on Thursday about their unique rental program which is aimed at helping homeowners who can’t pay back their loans. The program aims at turning struggling homeowners into renters in their own very homes. The special “Deed for Lease” program will allow financially [...]  
From thaindian.com ()
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Last night Bloomberg printed an article about Fannie Mae (FNM) and Freddie Mac (FRE). Here are the lowlights:1. There were 2.6 million defaults on residential mortgages in the first nine months of 2009;2. Fannie Mae recorded $101.6 billion in losses over the past eight quarters;3. Fannie Mae has taken $44.6 billion of Federal Aid since April 2009;4. Fannie Mae now says it needs $15 billion more in Federal Aid (which makes sense as $45 billion...  
From minyanville.com ()
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MiamiHerald.comFannie Mae Files $15.8 Billion in Claims in Lehman BankruptcyBloombergLehman was a frequent business partner in servicing home loans and the mortgage bonds Fannie Mae and fellow government- sponsored enterprise Freddie Mac ...Mortgage giant expects further losses and continued need for helpWashington PostThe Fed and Fannie Mae: Throwing Money Down a Black HoleSeeking Alpha (blog)Fannie Mae to allow borrowers in foreclosure to...  
From news.google.com ()
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BBC NewsFannie Mae Rental Program: Rent Your Own Foreclosed Home?National LedgerFannie Mae Rental Program: Rent Your Own Foreclosed Home? Fannie Mae execs believe it is a good solution to the thousands of bad loans littering ...US Treasury to block sale of Fannie Mae tax credits - WSJReutersFannie Mae Posts $18.9 Billion Q3 Loss, Taps TreasuryABC NewsBailout: $15 Billion More to Fannie Mae (and More to Come)ProPublicaCNNMoney.com...  
From news.google.com ()
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Mortgage giant Fannie Mae said Thursday that it would throw a lifeline to some people losing their homes to foreclosure by allowing them to lease those properties back for up to a year at market rental rates. The move is the latest in a series of ...  
From search.live.com ()
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WASHINGTON -- Homeowners on the verge of foreclosure could soon get a reprieve from government-controlled mortgage company Fannie Mae. The new "Deed for Lease" program will allow homeowners to transfer title to Fannie Mae and sign a one-year lease,...  
From cbs6albany.com ()
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WASHINGTON, Nov. 6 /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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