Fannie Mae Discussed Restatement with SEC
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Embattled U.S. mortgage finance  giant Fannie Mae on Tuesday said it had discussed the  possibility of an earnings restatement with regulators,  reversing a top executive's comment.
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The board of embattled mortgage finance enterprise Fannie Mae met on Sunday to discuss whether to make changes to top management, a source close to the situation said.
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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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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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Securities and Exchange Commission Chairman William H. Donaldson said in an interview this week that the accounting issues the SEC must address in its investigation of mortgage funding giant Fannie Mae are &quot;not black and white.
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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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US mortgage finance company Fannie Mae on Friday said it would make public information about some securities it issues to comply with new Securities and Exchange Information rules.
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Fannie Mae's regulator told Congress  on Wednesday his office was considering seeking management  changes at the mortgage finance company after finding pervasive  accounting irregularities.
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US mortgage finance giant Fannie Mae (FNM.N: Quote, Profile, Research) said on Tuesday the Securities and Exchange Commission had changed the status of its investigation of the company&#39;s accounting to formal from informal.
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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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Mortgage giant Fannie Mae is now the target of a formal inquiry by the Securities and Exchange Commission over its accounting practices, the company said in a regulatory filing yesterday.
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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.
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Fannie Mae's regulator will review the benefits the company planned to pay its former top two officers after their ouster last week.
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U.S. mortgage finance giant Fannie Mae said on Wednesday a Securities and Exchange Commission decision that it must restate earnings over accounting problems is likely to cut into its capital position.
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A review by the Securities and Exchange Commission has found that Fannie Mae violated accounting rules, buttressing earlier determinations by another federal regulator and amplifying the prospect of an earnings restatement by the
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SAN FRANCISCO (CBS.MW) -- Fannie Mae stock fell 3.1 percent in after-hours trading Tuesday after the mortgage giant disclosed that the Securities and Exchange Commission&#39;s investigation into the company&#39;s accounting had escalated into a formal probe.
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U.S. mortgage finance giant Fannie  Mae said on Wednesday a Securities and Exchange Commission  decision that it must restate earnings over accounting problems  is likely to cut into its capital position.