Former Fannie Mae CEO Daniel Mudd, who was named last month in a mortgage-related Securities and Exchange Commission fraud suit, has officially resigned from publicly traded investment manager Fortress Investment Group and its board, ending a leave of absence.

“I want to thank Fortress for the opportunity to help lead the company over the last few years. However, I do not want the uncertainty associated with a leave of absence, on my part, to become a distraction for either Fortress or its investors, and thus, I have decided to resign,” said Mudd in a statement released by the company.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.