House Subcommittee to Hold Fannie Hearing
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A U.S. House Financial Services subcommittee will hold a hearing on accounting problems at mortgage funder Fannie Mae  next week, the committee said on Wednesday.
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Former Fannie Mae chairman Franklin D. Raines is trying to draw the White House into his defense against a shareholder lawsuit alleging that he and the government-sponsored mortgage funding company misled investors when Fannie Mae overstated earnings by billions of dollars.
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Description: Top Fannie Mae executives defend the company&#39;s accounting practices in Congress. CEO Franklin Raines denied allegations the company had manipulated its books, telling lawmakers the controversy
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Several people connected to the Hewlett-Packard Co. (HP) board scandal have been invited to testify at a U.S. House subcommittee hearing Sept. 28 on the issue ofÂ pretexting to get confidential phone records.
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The chairman of the Senate Banking Committee is working on a plan to set up a company to buy distressed home loans at currently discounted values and use the money to help fund new mortgages.
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WASHINGTON (CBS.MW) - Every Federal Open Market Committee meeting contains a flavor of mystery as officials gather behind closed doors to hold crucial discussions about the economic forecast and to make decisions on interest rates.
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Fannie Mae, the largest US mortgage finance company, will be the subject of an Oct. 6 hearing by the House Financial Services Committee over its accounting and management, said Representative Richard Baker, a Louisiana Republican.
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Fannie Mae&#039;s &#36;11 billion accounting  scandal should drive the Senate to stop delaying and advance  legislation that would overhaul supervision of U.S. mortgage  finance giants, some Republicans on the Senate Banking  Committee argued on Thursday.
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A House panel on Wednesday is scheduled to examine a woman's accusations that she was drugged and raped by co-workers at a contracting firm in Iraq two years ago.
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District-based Fannie Mae, whose accounting methods are facing the same scrutiny that shook up fellow mortgage lender Freddie Mac last year, says it has formed a committee to work with regulators and named former Sen.
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Fannie Mae, the mortgage finance giant, said yesterday that its regulator would review the benefits the company planned to pay its former top two officers, Franklin D. Raines and J. Timothy Howard, after their ouster last week.
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Breaking his public silence since a federal regulator issued a scathing report last month, Franklin D. Raines, the chairman and chief executive of Fannie Mae, is expected
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An affordable housing fund envisioned as part of a reform measure for mortgage finance companies Fannie Mae and Freddie Mac should have several contributors and be managed by a wide range of housing groups, a top congressional Democrat said on Thursday.
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US lawmakers on Wednesday asked mortgage finance giant Fannie Mae (FNM.N: Quote, Profile, Research) to explain dealings with a North Carolina mortgage firm whose principals were convicted of fraud, leading a court to order
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The chief executive of mortgage  finance company Fannie Mae FNM.N, under fire for alleged  accounting irregularities, will appear before a congressional  panel next week, a company spokesman said on Wednesday.
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WASHINGTON  - A former Fannie Mae employee whogave U.S. regulators information about alleged accountingirregularities will not testify as planned before acongressional hearing next week, the committee said Friday.
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The former Fannie Mae employee who assisted federal regulators in an investigation of the company&#39;s accounting will not testify at a congressional hearing next week.