Fannie Mae is ordered to restate its earnings
29928
The Securities and Exchange Commission&#39;s top accountant told mortgage funding giant Fannie Mae last night that it should correct its past accounting
610113
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.
153537
WASHINGTON Fannie Mae promised Monday to take sweeping action after its regulator found accounting problems, vowing to increase the mortgage giant&#39;s capital, recalculate key transactions back to 2001 and tighten internal controls.
110288
Fannie Mae, the biggest source of money for U.S. home mortgages, broke accounting rules for financial contracts designed to protect against swings in interests rates.
721212
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.
306178
Boston Communications Group Inc.   BCGI.O, which sells billing systems to mobile phone   companies, said on Thursday it would restate certain past   financial results to reflect charges for stock-based   compensation costs.
384374
The US Securities and Exchange Commission on Wednesday said Fannie Mae misapplied accounting principles and called on the mortgage finance company to restate earnings.
630292
Fannie Mae's regulator has asked the  mortgage finance company to take immediate remedial action to  correct pervasive accounting problems, agency officials said on  Thursday.
147537
The man who blew the whistle to U.S.  regulators about Fannie Mae's accounting practices will appear  before a congressional panel next week, a Capitol Hill aide  said on Tuesday, as the company revealed it had discussed a  possible earnings restatement with regulators.
226354
Washington (Dec. 23, 2004) - Two top executives and auditor KPMG are out this week at Fannie Mae, following the Securities and Exchange Commission&#39;s decision that the mortgage giant violated accounting rules, leaving it faced with a massive restatement.
659513
WASHINGTON, Dec. 12  â The mortgage lending company Fannie Mae filed suit on Tuesday against its former auditor KPMG, accusing the firm of negligence and breach of contract for its part in the flawed accounting that led to a $6.3 billion restatement of earnings.
581224
Fannie Mae&#39;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.
560355
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.
41809
Fannie Mae's board of directors has proposed releasing millions of dollars of incentive payments to current and former employees based on the company's performance since 2003, including periods in which earnings were misstated and regulators allege the company was mismanaged.
175777
On Monday, Fannie Mae, the US largest government-ruled mortgage organisation, agreed to meet regulatorâs demand and restate its results as well as modify its accounting practices and lift capital reserve to 30% above the required minimum.
340032
As it struggles with an accounting crisis, Fannie Mae faces a Monday deadline to file its third-quarter financial results - and investors are eager to learn whether the mortgage giant will be forced to restate earnings.
175940
Franklin Raines, Fannie Mae's former  chief executive, who retired last week after regulators exposed  accounting errors expected to force a massive earnings  restatement, stands to get an annual pension of $1.37 million,  the No. 1 U.S. mortgage finance company said on Monday in a  regulatory filing.