On the heels of yet another in-depth report, this one delivered by the Office of Federal Housing Enterprise Oversight, the top executive at home mortgage behemoth Fannie Mae said that his is a changed company.

"We have all learned some powerful lessons here about getting things right and about hubris and humility," said president and chief executive Daniel Mudd, in a statement, announcing a $400 million settlement with federal regulators. "We are a much different company than before."

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