Daniel Mudd news stories on Newser

SEC Sues Ex- Fannie, Freddie CEOs

Matt Cantor — Fri, 16 Dec 2011 11:28:18 CST

Federal regulators are suing former Fannie Mae boss Daniel Mudd and ex-Freddie Mac CEO Richard Syron for vastly downplaying the volume of subprime loans their firms held. Freddie Mac suggested it was exposed to between $2 billion and $6 billion in subprime loans; the figure was more like $244 billion....

Check Out Mansions of Bigwig Bankers

John Johnson — Thu, 18 Dec 2008 19:10:00 CST

It's not been the best of years for the titans of Wall Street: a few federal bailouts, a housing collapse, and now a Ponzi scheme of mind-boggling proportions can do that. "Where did all that money go?" wonders the website wowOwow.com. And it has a partial answer: Straight into...

Fannie, Freddie Brushed Off Subprime Warnings

Kevin Spak — Tue, 09 Dec 2008 08:36:17 CST

Fannie Mae and Freddie Mac can’t say they weren’t warned. Internal documents obtained by the Washington Post show that both companies had internal factions who stressed the dangers of subprime mortgages several years ago. At Freddie Mac, the former chief enterprise risk officer wrote that the loans could hurt borrowers...

Fannie, Freddie CEOs in Line for Millions in Severance

Jim O'Neill — Tue, 09 Sep 2008 11:12:15 CDT

The CEOs of Freddie Mac and Fannie Mae will receive millions in severance pay, pension payouts, and other benefits after the government’s takeover of the mortgage giants, the Los Angeles Times reports. Fannie’s Daniel Mudd stands to take away $7.3 million, and Freddie’s Richard Syron will get $6.3...