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Mudd Defends Portfolio Role.(Daniel Mudd )(Brief article)
NEW YORK -- Fannie Mae CEO Daniel Mudd strongly defended the company's retained portfolio business in a conference call last week, saying that interest rate risk is low and the portfolio helps stabilize the U.S. mortgage market.
He said Fannie Mae's duration gap, a key measure of interest rate risk exposure in the portfolio, was currently at zero months. He said the duration gap has remained in the range of plus or minus one month so far during his tenure at the mortgage secondary market giant. "I don't expect duration to remain this low forever," he added during a conference call hosted by UBS.
Mr. Mudd said Fannie Mae's work to keep interest rate risk low "is not an accident," adding that both the company's board and its regulator constantly monitor its risk exposure.
Mr. Mudd said that Fannie Mae offsets "50% to ...
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...2008 SPEAKERS: DANIEL MUDD, PRESIDENT AND CEO, FANNIE MAE DIANE REHM...be repaid. Daniel Mudd is CEO and chair of Fannie Mae. He joins me...companies, Fannie Mae and Freddie...is going on, Daniel? MUDD: Well, what...
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...never be repaid. Daniel Mudd is CEO and chair of Fannie Mae. He joins me...good to see you. DANIEL MUDD, CEO, FANNIE MAE: Good morning...the companies, Fannie Mae and Freddie Mac...is going on, Daniel? MUDD: Well, what...
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- Press release article from: PR Newswire April 28, 1999 700+ words
STAMFORD, Conn., April 28 /PRNewswire/ -- GE Capital, the worldwide financial services subsidiary of General Electric Company, today announced the appointment of Daniel H. Mudd as President of GE Capital Japan, effective immediately. Mr. Mudd was also named an officer of General Electric Company.
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...directors, the report says. Fannie Mae announced Tuesday it would comply...those named is the current CEO of Fannie Mae, Daniel Mudd, former chief operating officer...The $400 million civil penalty Fannie Mae agreed to pay also settles accounting...
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- News wire article from: Political/Congressional Transcript Wire December 9, 2008 700+ words
...FORMER CEO OF FREDDIE MAC DANIEL MUDD, FORMER CEO OF FANNIE MAE FRANKLIN RAINES, FORMER...400,000 documents from Fannie Mae and Freddie Mac. These...presentation from the files of Fannie Mae CEO, Daniel Mudd. According to this document...
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- News wire article from: The America's Intelligence Wire August 20, 2008 700+ words
...BERNARD and ALAN ZIBEL Shares of Fannie Mae and Freddie Mac lost more than...equity holders get wiped out." Fannie Mae's chief executive sought to...haven't asked for anything," Fannie Mae CEO Daniel Mudd said in a public radio interview...
- Fannie Mae Seeks Greater Role In Mortgage Market Bailout.
- News wire article from: Banking Wire Roberts, Ed October 15, 2007 700+ words
WASHINGTON -- Fannie Mae Chief Executive Daniel Mudd called on credit unions last...mortgage market. Mudd said Fannie Mae has helped refinance 33,000...troubled mortgage borrowers. The Fannie Mae executive cited several credit...
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- News wire article from: The America's Intelligence Wire May 29, 2006 700+ words
...that needs to be sopped up. Fannie Mae's growth cap is subject to...the OFHEO's acting director. Fannie Mae's CEO Daniel Mudd noted on Tuesday's conference...Barclays Capital believe that Fannie Mae's portfolio will likely be...
Source: HighBeam Research, Mudd Defends Portfolio Role.(Daniel Mudd )(Brief article)