Ex-Fannie Mae CEO Calls SEC's Subprime Fraud Suit 'Absurd'

By Joe Van Acker · January 27, 2016, 3:30 PM EST

A former Fannie Mae CEO accused of concealing the size of the mortgage lender's subprime portfolio prior to the 2008 economic collapse told a New York federal judge Wednesday that the...

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Case Information

Case Title

United States Securities and Exchange Commission v. Mudd et al

Case Number

1:11-cv-09202

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

December 16, 2011