Former Fannie Mae Exec. Buys $6.5 Million Home

Fannie Mae chief executive Daniel Mudd, who lost his job when the government took over the mortgage giant in 2008, has bought a 15,000-square-foot home in Greenwich, Connecticut for $6.45 million.

Originally listed for $11.2 million in 2007, the home purchased by Mudd and his wife Maura is on about two acres, has six bedrooms, and three family rooms. Patte Nusbaum of Sotheby’s International Realty had the listing, and Giselle Gibbs of Prudential Brad Hvolbeck Real Estate represented Mudd, who now is at the front of the Manhattan private-equity and hedge-fund firm, Fortress Investment Group.

Via: WSJ