CEO Daniel Mudd

email signup Receive MNC in RSS news reader me @ LinkedIn ———— Fannie, Freddie Weigh Mortgage Write-Downs – by CHRIS ARNOLD – … "In this analysis, principal reduction is better for the enterprises … it reduces … [their] losses by $1.7 billion," DeMarco said. … – NPR.org ———— Fannie and Freddie could save by reducing principal, study says - By Jim Puzzanghera, Los Angeles Times – … "This is not about some huge difference-making program that will rescue the housing market," DeMarco said in a...Read Full Story

US mortgage finance giant Fannie Mae turned in a first-quarter profit Monday after 10 straight losses, allowing it to cut — at least for the moment — its crucial government lifeline. Link: Profits let Fannie Mae cut government lifelineRead 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 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 consider...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 Fortress...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

(Reuters) - Daniel Mudd, the embattled former chief executive of mortgage financing company Fannie Mae, is taking a leave of absence from him current job as head of hedge fund Fortress Investment Group <FIG.N>, the company said on Wednesday.Last week the Securities and Exchange Commission charged Mudd and other top executives at Fannie Mae and Freddie Mac with understating the lenders' exposure to risky subprime mortgages.Now he has announced plans to step down for the moment and the company tapped...Read Full Story

(Reuters) - Daniel Mudd, the embattled former chief executive of mortgage financing company Fannie Mae, is taking a leave of absence from him current job as head of hedge fund Fortress Investment Group <FIG.N>, the company said on Wednesday.Last week the Securities and Exchange Commission charged Mudd and other top executives at Fannie Mae and Freddie Mac with understating the lenders' exposure to risky subprime mortgages.Now he has announced plans to step down for the moment and the company tapped...Read Full Story

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. read moreRead Full Story