twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.


New Fannie CEO Mudd

Interim CEO Daniel Mudd now permanent

June 1, 2005

By SAM GARCIA MortgageDaily.com


portrait of Sam Garcia

The interim chief executive officer at Fannie Mae has taken a permanent role.

The Washington, D.C.-based company announced today that its board of directors named Daniel H. Mudd president and CEO effective immediately.

Mudd has served as the interim chief since late last year, Fannie said, when Chairman and Chief Executive Franklin D. Raines and Chief Financial Officer J. Timothy Howard were forced out in the wake of an accounting scandal.

The company plans to restate past income by more than $8 billion.

"After an extensive, nationwide search, and careful and deliberate consideration, the Board recognized that the CEO we wanted was the interim CEO we had," Chairman of the Board Stephen B. Ashley said in the announcement.

Mudd, a decorated Marine officer, previously was the CEO at GE Capital, Japan, according to the government sponsored housing enterprise's announcement, and has served as the chief operating officer at Fannie. He reportedly holds a master's degree from Harvard University.

Mudd played a key role in the transformation of the secondary lender, according to the acting director of the Office of Federal Housing Enterprise Oversight. "I look forward to continuing the development of a strong, constructive relationship between Fannie Mae and OFHEO," Stephen Blumenthal said in announcement from the regulatory agency.

"The past six months is just a beginning," Mudd said in Fannie's announcement. "We will continue putting our house in order, complete the restatement and reaudit of earnings, achieve our capital restoration plan, and strengthen confidence in Fannie Mae."

"In the past six months as interim CEO, Dan has shown strong leadership and a dedication to ensuring the safety and soundness of Fannie Mae," the Mortgage Bankers Association said in a written statement. "He brings a wealth of expertise to his new position, both from a general finance perspective and from his institutional knowledge of Fannie Mae."

Ashley will continue in his role as chairman, Fannie's announcement said.


Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Before that, he worked in mortgage lending for two decades.

e-mail:
[email protected]


GSE News | Fannie/Freddie Share Statistics
Fannie, Freddie and FHLB news. Coverage of government sponsored enterprise regulation, operations and litigation.


Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders