Former Fannie Mae CEO Mudd Settles SEC Lawsuit for $100,000By and
Settlment caps five-year investigation by federal regulator
SEC alleged Mudd masked billions of subprime mortgage exposure
Daniel Mudd ended a five-year fight with the U.S. government Monday after the former head of Fannie Mae agreed to pay $100,000 to settle allegations that he misled investors about the mortgage backer’s exposure to subprime loans during the run-up to the financial crisis.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.