Update 13: Fannie Mae Turmoil Continues After Ousters
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The forced departure of Franklin D. Raines as chief executive of Fannie Mae hardly ends the turmoil at the nation&#39;s second largest financial institution.
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WASHINGTON, DC - Investors in Fannie Mae and Freddie Mac are feeling some pain in the wake of Fannie&#39;s recent accounting problems.
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Fannie Mae&#39;s board of directors may have found it hard to get rid of the company&#39;s top two executives, but a difficult job remains in navigating the transition to the next senior management team.
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A long running regulatory examination of Fannie Mae has found accounting and other problems at the giant government-chartered mortgage company that raise doubts about &quot;the quality of
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NEW YORK - The board of embattled mortgage finance enterprise Fannie Mae met on Sunday and has apparently decided that Chief Financial Officer Timothy Howard will step down, the Wall Street Journal reported on Monday.
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(Updates with more quotes from CEO Lord on Sallie&#39;s privatization, accounting troubles at Fannie Mae and Freddie Mac , and PHEAA&#39;s recent rejection of a $1 billion offer from Sallie.
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Shares of U.S. mortgage finance  giant Fannie Mae FNM.N tumbled on Thursday after the  Securities and Exchange Commission said the company must  restate earnings because of accounting problems.
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The chief executive and top financial officer at mortgage giant Fannie Mae were forced out of the company Tuesday as America&#39;s second-largest financial institution struggled with revelations of serious financial reporting problems.
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US mortgage finance giant Fannie Mae (FNM.N: Quote, Profile, Research) , which on Tuesday removed removed two top executives over major accounting problems
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Washington (Sept. 27, 2004) - The regulator charged with overseeing mortgage concern Fannie Mae appears to be considering a shake-up of its top management to clean up the beleaguered firm.
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Federal regulators, who are ordering Fannie Mae to take prompt action to remedy what they say are serious accounting problems, also have raised the possibility of removing top managers of the giant mortgage finance company.
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Description: Two top executives at Fannie Mae are forced out of their jobs following questions over accounting irregularities. Fannie Mae CEO Franklin Raines and Chief Financial Officer Timothy Howard stepped
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Fannie Mae will announce tonight that chairman and chief executive Franklin D. Raines has resigned, according to two sources familiar with the decision.
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Troubled lender said to be undercapitalized; to issue mix of convertible and non-convertible shares. NEW YORK  - Fannie Mae, the largest US home financier whose top two executives left under fire
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Fannie Mae, the government-sponsored mortgage company whose financial statements were strongly criticized in a report by its regulator last week, looks set to join Enron and WorldCom in the hall of accounting infamy.
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The chief executive and top financial officer at mortgage giant Fannie Mae were forced out of the company Tuesday as the nation&#39;s second largest financial institution struggled to deal with revelations of serious financial reporting problems.
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Fannie Mae will announce tonight that chairman and chief executive Franklin D. Raines has resigned, according to two sources familiar with the decision. The action comes just days after U.S. securities regulators confirmed that the mortgage industry giant had made serious and costly errors of financial reporting, according to two sources familiar with the decision.