Fannie&#39;s Financial Cookie Jar
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When the world&#39;s largest buyer of home mortgages - Fannie Mae - cooks the books on reporting its earnings, it runs the risk of sending shockwaves into financial markets.
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A shocking expose hit the Street last week about one of the best-loved, most all-American companies out there: Fannie Mae, the mortgage and financial services giant.
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Accounting problems at Fannie Mae, the giant mortgage company, have prompted an investigation by the Securities and Exchange Commission.
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December 20, 2004 - Fannie Mae, which faces a possible $9 billion restatement, is also looking at yet another investigation and the possibility of a management shake-up at the top.
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SAN FRANCISCO (CBS.MW) -- After a week of auditing shocks, Fannie Mae investors face the prospect of shakeups at the mortgage giant&#39;s top levels.
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The decision yesterday by Fannie Mae&#39;s board to get rid of its chief executive and chief financial officer illustrates the company&#39;s determination to try and restore its credibility
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During a packed hearing on Fannie Mae&#39;s accounting practices last week, Rep. Richard H. Baker (R-La.), a leading critic of the District-based mortgage finance company, displayed a poster
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Fannie Mae's prime regulator said today that the giant mortgage company deliberately flouted accounting rules to project an image of smooth and relatively low-risk-earnings growth.
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Fannie Mae, the biggest source of money for US home mortgages, may have to restate earnings by as much as $9 billion after the Securities and Exchange Commission said it broke accounting rules.
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The federal regulator of mortgage giant Fannie Mae has extracted a laundry list of reforms from the troubled mortgage lender. Fannie&#39;s outside directors submitted to the regulatory
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Thanks for the memories? Fannie Mae (nyse: FNM - news - people ) may be scrambling to restate billions in past profit, but it apparently has plenty of cash for golden parachutes.
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Fannie Mae has been ordered to restate its earnings for the past four years after an investigation by the Securities and Exchange Commission into the mortgage finance company&#39;s accounting practices.
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WASHINGTON - Regulators have found serious accounting problems at mortgage giant Fannie Mae, prompting an inquiry by the Securities and Exchange Commission and calling into question its financial soundness. The company's shares dropped nearly 7 percent Wednesday...
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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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WASHINGTON -- The Securities and Exchange Commission's top accountant told mortgage funding giant Fannie Mae last night that it should correct its past accounting, a directive that could erase 38 percent of the profit the government-sponsored company has claimed since 2001.
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Fannie Mae, the US largest government-ruled mortgage lender, sees the continuation of the investigation on possible accounting violations and possible next weekâs testimony of its former employee at a Congressional hearing.
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NEW YORK, December 16  - According to a report in the Washington Post today, the Securities and Exchange Commission (SEC) has advised Fannie Mae (FNM.