Two former executives of Fannie Mae have reportedly settled a 2011 lawsuit related to subprime mortgages with the U.S. Securities and Exchange Commission, for a total of $35,000.

Enrico Dallavecchia, Fannie Mae's former chief risk officer, and Thomas Lund, former executive vice president of the company, will pay $25,000 and $10,000, respectively, as settlement.

They are accused of having helped hide the company's exposure to over $100 billion of subprime and $341 billion of low-documentation Alt-A home loans.

As part of the deal, the two agreed to cooperate with the SEC in its case against former Chief Executive Daniel Mudd.

Under the agreement, the money is not to be paid as a fine to the SEC. Dallavecchia and Lund will contribute the amount to a "Gifts to the United States" account, designed to accept donations to the U.S. government.

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