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U.S. SEC settles with two ex-Fannie Mae executives, but not ex-CEO
Reuters: The U.S. Securities and Exchange Commission has reached a settlement with two former Fannie Mae executives in one of its biggest lawsuits tied to the financial crisis, but has yet to settle with former Chief Executive Daniel Mudd.
Former Chief Risk Officer Enrico Dallavecchia and former Executive Vice President Thomas Lund will pay $25,000 and $10,000 respectively to settle charges that they helped conceal Fannie Mae's exposure to more than $100 billion of subprime and $341 billion of low-documentation "Alt-A" home loans.
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