Former Fannie Mae CEO Mudd Settles SEC Lawsuit for $100,000

  • 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.

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