In a conference call last week discussing Fannie Mae's role in the mortgage market, Fannie Mae President and Chief Executive Officer Daniel Mudd outlined the steps the company was taking to amend its recent troubles. "We have made pretty good progress on remediation," he said during the call. "But I want to be clear...that we do have a lot more to do." Mudd referenced this same idea multiple times throughout the discussion, implying that it is indeed one of the main positions for the company going forward.
Mudd began the conference call by stating that Fannie is in the process of taking the appropriate steps to get the company "where it needs to be." This includes improvements in its capital, restatement, and organization. Fannie Mae's appears to be in a positive position currently as it has over $40 billion in capital, a ratio of capital and assets that is the highest the company has ever seen.