Former Fannie Mae CEO to face SEC charges for subprime mortgages

Daniel Mudd, the former CEO of Fannie Mae, must face a civil trial over charges that he misled investors about the GSE’s exposure to subprime loans prior to the financial crisis. While other Fannie executives recently announced a settlement, the ending is still unwritten for Mudd, with evidence possibly showing that he knew what he was doing was false. …read more

From:: Real Estate Wire

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