Fannie Mae&#39;s Barnes says managers used threats
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Raines defends role, says company did &#39;the right thing&#39; CBS MarketWatch
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Fannie Mae, accused by regulators of flouting accounting rules, said yesterday it could not meet a deadline for a quarterly financial report and may be required to record
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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 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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The government on Monday filed civil charges against former Fannie Mae chief Franklin Raines and the mortgage giant's former finance chief and controller, seeking fines and the return of millions in bonus money said to be tied to an improper accounting scheme.
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Fannie Mae's FNM.N regulator is  investigating the severance payments and bonuses of two top  executives who stepped down earlier this week, the Wall Street  Journal reported on Thursday.
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Because Fannie Mae&#39;s board of directors allowed CEO Franklin Raines to &quot;retire&quot; and chief financial officer Timothy Howard to resign late Wednesday, the Office of Federal Housing
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WASHINGTON -- Federal regulators have found evidence suggesting that mortgage giant Fannie Mae manipulated earnings to facilitate bigger bonuses to executives, according to a lawmaker familiar with the findings.
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Roger Barnes, who left Fannie Mae last November, said today that he had taken his concerns directly to Franklin Raines, the company's chief executive.
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Fannie Mae&#39;s federal regulator found the largest US mortgage finance company violated accounting rules, raising ``doubts&#39;&#39; about the validity of earnings.
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WASHINGTON Oct. 6, 2004 - Fannie Mae&#39;s chief executive and another top official on Wednesday defended the mortgage giant&#39;s accounting and told Congress that regulators&#39; allegations of earnings manipulation represent an interpretation of complex rules.
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Fannie Mae executives and their  regulator squared off on Wednesday, with executives denying any  accounting irregularity and the regulator saying the housing  finance company's management may need to go.
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Fannie Mae (FNM) CEO Franklin Raines defended his stewardship of the housing finance giant Wednesday, as a former employee said Raines ignored warnings of accounting problems.
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WASHINGTON (CBS.MW) -- Fannie Mae is turning its focus to shoring up its capital levels Wednesday after two of its top executives left the company under pressure following an accounting scandal.
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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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Description: Fannie Mae, the nation&#39;s largest source of financing for home mortgages, faces accusations of pervasive accounting problems.
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The civil charges accuse three former top executives of manipulating Fannie Maeâs books to fatten their bonuses.