Daniel H. Mudd (born 1956) is the former president and CEO of

Fannie Mae The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the N ...

, a post he held from 2005 to 2008, and more recently for years, the CEO of

Fortress Investment Group Fortress Investment Group is an American investment management firm based in New York City. Fortress was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone. When Fortress launched on the NYSE in February 200 ...

Education and early career

Mudd holds a

B.A. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...

degree in American history from the

University of Virginia The University of Virginia (UVA) is a public research university in Charlottesville, Virginia. Founded in 1819 by Thomas Jefferson, the university is ranked among the top academic institutions in the United States, with highly selective ad ...

and an M.P.A. from the

John F. Kennedy School of Government The Harvard Kennedy School (HKS), officially the John F. Kennedy School of Government, is the school of public policy and government of Harvard University in Cambridge, Massachusetts. The school offers master's degrees in public policy, public ...

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high ...

. Mudd was an

Officer An officer is a person who has a position of authority in a hierarchical organization. The term derives from Old French ''oficier'' "officer, official" (early 14c., Modern French ''officier''), from Medieval Latin ''officiarius'' "an officer," f ...

in the

United States Marine Corps The United States Marine Corps (USMC), also referred to as the United States Marines, is the maritime land force service branch of the United States Armed Forces responsible for conducting expeditionary and amphibious operations through combi ...

and was decorated for his combat service in

Beirut Beirut, french: Beyrouth is the capital and largest city of Lebanon. , Greater Beirut has a population of 2.5 million, which makes it the third-largest city in the Levant region. The city is situated on a peninsula at the midpoint o ...

. After a tour in the Office of the Secretary of Defense, he left the service to get his M.P.A. Mudd has been an advisor to

Asia-Pacific Economic Cooperation The Asia-Pacific Economic Cooperation (APEC ) is an inter-governmental forum for 21 member economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region.

(APEC) and has served on boards of the Council on Foreign Relations, the National Building Museum, Hampton University,

Local Initiatives Support Corporation The Local Initiatives Support Corporation (LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives across the country. It has offices in nearly 40 cities and works across 2,100 r ...

The University of Virginia The University of Virginia (UVA) is a public research university in Charlottesville, Virginia. Founded in 1819 by Thomas Jefferson, the university is ranked among the top academic institutions in the United States, with highly selective adm ...

board of Trustees, and the

Sidwell Friends School Sidwell Friends School is a Quaker school located in Bethesda, Maryland and Washington, D.C., offering pre-kindergarten through high school classes. Founded in 1883 by Thomas W. Sidwell, its motto is ' ( en, Let the light shine out from all), a ...

. Early in his career, Mudd held positions in financial services and management consulting at the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

, Ayers Whitmore and Company, and

Xerox Corporation Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (having moved from Sta ...

. Mudd later worked at GE Capital in International Financing, European Fleet Services, and Business Development. At GE Capital, he became vice president for Business Development in 1991, was managing director for International Financing from 1993 to 1995, and became president and CEO for European Fleet Services in 1995. From 1996 to 1999, he was president of GE Capital Asia-Pacific. Mudd was previously president and CEO of

GE Capital GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. ...

, Japan before he joined Fannie Mae in February 2000.

Fannie Mae

In February 2000, Mudd became a Director and Vice Chairman and Chief Operating Officer at Fannie Mae. He remained Chief Operating Officer until December 21, 2004. Mudd was named interim CEO of Fannie Mae in December 2004, after Franklin Raines stepped down after the

U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

(SEC) found Fannie Mae had violated accounting rules. Mudd served as interim CEO of Fannie Mae until March 2005, and became the President and CEO of Fannie Mae on June 1, 2005. Mudd was a Director at Ryder System, Inc from 2002 to 2007. In 2007, Mudd became a Director at

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

ranked Mudd 182nd in executive pay in 2005, 323rd in 2006, 337th in 2007, and 202nd in 2008.

Subsequent career

Mudd, for years to December 2011,Hilzenrath, David S.
"Former Fannie Mae CEO Mudd takes leave from hedge fund firm"
''Washington Post'', December 21, 2011. Retrieved December 21, 2011. was the CEO of Fortress, a hedge fund in New York City that has among other investments bought tax liens on delinquent property taxes from local governments.

Personal life

He is the son of former TV anchorman

Roger Mudd Roger Harrison Mudd (February 9, 1928 – March 9, 2021) was an American broadcast journalist who was a correspondent and anchor for CBS News and NBC News. He also worked as the primary anchor for The History Channel. Previously, Mudd was week ...

. His family is indirectly related to

Samuel Mudd Samuel Alexander Mudd Sr. (December 20, 1833 – January 10, 1883) was an American physician who was imprisoned for conspiring with John Wilkes Booth concerning the assassination of Abraham Lincoln. Mudd worked as a doctor and tobacco fa ...

, the doctor who was imprisoned for aiding and conspiring with

John Wilkes Booth John Wilkes Booth (May 10, 1838 – April 26, 1865) was an American stage actor who assassinated United States President Abraham Lincoln at Ford's Theatre in Washington, D.C., on April 14, 1865. A member of the prominent 19th-century Booth ...

after the assassination of

Abraham Lincoln Abraham Lincoln ( ; February 12, 1809 – April 15, 1865) was an American lawyer, politician, and statesman who served as the 16th president of the United States from 1861 until his assassination in 1865. Lincoln led the nation thro ...

. In 2000 he and his spouse purchased a historical property in Washington dated back to 1927. At the time, it was valued at $5.15 million. It was put back on the market in 2009.

References

{{DEFAULTSORT:Mudd, Daniel 1956 births Living people University of Virginia alumni Harvard Kennedy School alumni Fannie Mae chief executive officers