Former Fannie Execs, Mudd and Dallavecchia, Denied Dismissal of SEC Subprime Fraud Suit

“Mudd and Dallavecchia spoke to investors on conference calls and repeated (Fannie’s) misleading disclosures while emphasizing that (Fannie’s) subprime exposure was ‘immaterial,’ and constituted approximately ‘zero percent’ of (Fannie’s) book of business.” ~ Former Fannie execs denied dismissal of subprime fraud suit Three former executives at Fannie Mae lost their bid to end a Securities … Read more
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