Mae

Former Fannie Mae CEO Settles Crisis-Related Lawsuit With SEC

Former chief executive of Fannie Mae Daniel Mudd exits U.S. District Court in the Manhattan borough of New York City, January 27, 2016, after attending arguments in the Securities Exchange Commission (SEC) case against him. REUTERS/Mike Segar August 22, 2016 By Patrick Rucker and Nate Raymond WASHINGTON/NEW YORK (Reuters) – In one of the U.S. Securities and Exchange Commission’s biggest cases …


Borrower’s Conversion Lawsuit Continues

A Georgia federal court has considered whether a former homeowner’s lawsuit against the Federal National Mortgage Association (“Fannie Mae”) for conversion of property that she had left in her home after the property was foreclosed could proceed. Elizabeth Mwangi (“Owner”) owned a residential property with a mortgage. The Owner experienced financial hardship and stopped making mortgage payments …