Fannie Mae's Mudd Resigns Board Seat

Stock quotes in this article: FNM , FRE  

Fannie Mae (FNM Quote) said Thursday that former CEO Daniel Mudd will resign from the board of directors immediately.

Fannie did not provide a reason for Mudd's departure. The move comes just weeks after the government placed Fannie and its sister company, Freddie Mac (FRE Quote) into conservatorship and replaced top executives.

The mortgage-finance giants had been on the brink of collapse, with plunging share prices and weak capital levels. In after-hours trading on Friday, Fannie shares were up 2.6% at $1.60, and Freddie was down 1.7% at $1.77.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,464.40 1,110.63 2,176.05 32.79
Oil *
77.05
UP
30.69
UP
4.98
UP
6.87
DOWN
0.38
10 Yr
3.28%
SPDR Gold
116.62
+0.29%
+0.45%
+0.32%
-1.15%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services