Tag Archives: Daniel Mudd

In my next career, I want to be a failed financier

40 Zaccheus mead Lane

Interesting snippet from the Wall Street Journal on the identity of the buyer of 40 Zaccheus Mead last fall.

Fannie Mae’s Former Chief Buys in Greenwich, Conn.

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

The stone-and-shingle home purchased by Mr. Mudd and his wife, Maura, was originally listed for $11.2 million in 2007, when it was built. On about two acres, the house 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 Mr. Mudd. He now heads the Manhattan private-equity and hedge-fund firm Fortress Investment Group.

(hat tip, Mario)

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He’ll be renting

It says here that Daniel Mudd, former CEO of Fannie Mae, is trying to sell his mansion in D.C. and “buy or rent in Greenwich” in order to start his next gig at Fortress Group August 11th. You’ll have to click on tho kink for a picture of the Mudd House but it’s a pretty typical brick job like you’ll see by the dozen on Round Hill Road. Assuming it’s in god shape, has a pool (if houses have pools in D.C.) and prices down south are comparable to house prices in Greenwich, I’d say he’ll be waiting a long time to get his asked-for price of $9.5 million. Not to fear; I’m sure he can get Chris Dodd to arrange a mortgage forbearance plan for him.

Interesting, by the way, that a descendant of the infamous Dr. Mudd, the physician who treated John Wilkes Booth, should return to the scene of the crime. No wonder it’s reported that he can’t get into any of the better clubs.

UPDATE: Took the time to look at all the photos. A very nice house, on an acre, with a pool. I still don’t think it would fetch $9.5 million in Greenwich – not quickly, anyway – but with all that money in Washington in the hands of Congressmen, lobbyists and of course the corrupt relatives of African dictators, maybe it’ll move fast.

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