Daniel H. Mudd (born 1958) 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 New ...

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

Fortress Investment Group Fortress Investment Group, LLC is an American investment management firm based in New York City. It was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, Pete Briger, Michael Novogratz, and Randal Nardone. Overview When ...

Education and early career

Mudd holds a

B.A. A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts degree ...

degree in American history from the

University of Virginia The University of Virginia (UVA) is a Public university#United States, public research university in Charlottesville, Virginia, United States. It was founded in 1819 by Thomas Jefferson and contains his The Lawn, Academical Village, a World H ...

and an M.P.A. from the

John F. Kennedy School of Government The John F. Kennedy School of Government, commonly referred to as Harvard Kennedy School (HKS), is the school of public policy of Harvard University, a private university in Cambridge, Massachusetts. Harvard Kennedy School offers master's de ...

Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...

. 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," fro ...

in the

United States Marine Corps The United States Marine Corps (USMC), also referred to as the United States Marines or simply the Marines, is the maritime land force service branch of the United States Department of Defense. It is responsible for conducting expeditionar ...

and was decorated for his combat service in

Beirut Beirut ( ; ) is the Capital city, capital and largest city of Lebanon. , Greater Beirut has a population of 2.5 million, just under half of Lebanon's population, which makes it the List of largest cities in the Levant region by populatio ...

. After a tour in the

Office of the Secretary of Defense The Office of the Secretary of Defense (OSD) is a headquarters-level staff of the United States Department of Defense. It is the principal civilian staff element of the U.S. Secretary of Defense, and it assists the Secretary in carrying out au ...

, he left the service to get his M.P.A. Mudd has been an advisor to

Asia-Pacific Economic Cooperation Asia-Pacific Economic Cooperation (APEC ) is an inter-governmental forum for 21 member economy , economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region. Following the success of Association of Southeast Asia ...

(APEC) and has served on boards of the

Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank focused on Foreign policy of the United States, U.S. foreign policy and international relations. Founded in 1921, it is an independent and nonpartisan 501(c)(3) nonprofit organi ...

, the

National Building Museum The National Building Museum is a museum of architecture, design, engineering, construction, and urban planning in Northwest Washington, D.C., U.S. It was created by an act of Congress in 1980, and is a private non-profit institution. Located at ...

Hampton University Hampton University is a private, historically black, research university in Hampton, Virginia, United States. Founded in 1868 as Hampton Agricultural and Industrial School, it was established by Black and White leaders of the American Missiona ...

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

The University of Virginia The University of Virginia (UVA) is a public research university in Charlottesville, Virginia, United States. It was founded in 1819 by Thomas Jefferson and contains his Academical Village, a UNESCO World Heritage Site. The original governin ...

board of Trustees, and the

Sidwell Friends School Sidwell Friends School is a private, college preparatory, 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 ' (), alludi ...

. 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 Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

, Ayers Whitmore and Company, and

Xerox Corporation Xerox Holdings Corporation (, ) is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox was the pioneer of the photocopier market, beginning with the introduction of the Xerox ...

. 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 was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one div ...

, 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 Franklin Delano Raines (born January 14, 1949), also known as Frank Raines, is an American business executive. He is the former chairman and chief executive officer of the Federal National Mortgage Association, commonly known as Fannie Mae, who s ...

stepped down after the

U.S. Securities and Exchange Commission The United States 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. Its primary purpose is to enforce laws against market m ...

(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 founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

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 weeke ...

. 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 far ...

, the doctor who was imprisoned for aiding and conspiring with

John Wilkes Booth John Wilkes Booth (May 10, 1838April 26, 1865) was an American stage actor who Assassination of Abraham Lincoln, assassinated United States president Abraham Lincoln at Ford's Theatre in Washington, D.C., on April 14, 1865. A member of the p ...

after the assassination of

Abraham Lincoln Abraham Lincoln (February 12, 1809 – April 15, 1865) was the 16th president of the United States, serving from 1861 until Assassination of Abraham Lincoln, his assassination in 1865. He led the United States through the American Civil War ...

. 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