Fannie Mae (FNMA)

[Letgoofmyfannie]

"" Mudd had denied wrongdoing and he did not admit any in the Monday agreement. The deal concludes one of the SEC's few remaining cases tied to the housing downturn.

Mudd was one of six executives at mortgage funding giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) sued by the SEC. The prosecutions were announced at a press conference in December 2011 but they ended in modest settlements over the following years.

Under terms of the latest deal, Fannie Mae will contribute $100,000 on Mudd's behalf to a Treasury Department account that receives financial gifts to the United States, according to documents.

Fannie's former chief risk officer, Enrico Dallavecchia, and former Executive Vice President, Thomas Lund, agreed to similar terms when they settled for $25,000 and $10,000 respectively in September 2015.

A Fannie Mae spokesman declined to comment on the Mudd case. The SEC did not immediately respond to calls for comment.

Mudd had continued to litigate alone after Lund and Dallavecchia settled last year and he was due to face trial in November.

"I appreciate Fannie Mae and the current leadership of the SEC stepping in to end a case that should have never been brought," Mudd told Reuters. ""