Friday, July 24, 2009

Fannie Mae Housing



















The former CEO of Fannie Mae Daniel Mudd took a lot of flack last year for chilling in his luxurious Washington, DC, home while the rest of the country reeled in mortgage turmoil. Now, as the NY Post's Gimme Shelter reports it's Mudd's turn to test the market. Mudd is selling his Washington D.C. home and looking to buy or rent in Greenwich, Connecticut or nearby because he starts his new job at New York's Fortress Investment Group on Aug. 11. Mudd's home which earned the nickname Mudd Manor last year is a Georgian-style estate built in 1927. It sits on an acre of land that includes a pool, gated drive and carriage house with a three-car garage. The home has a luxurious master suite, sunroom, brick fireplaces, French doors and original wood details including bookshelves and wainscoting.There is also a home theater, wine cellar and servant's quarters. It is listed at $9.5 million.