Fannie Considers $4 Billion in Private Placements
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Fannie Mae, the nation's largest source for home mortgage financing, said Wednesday that is is considering two placements of up to $4 billion in preferred stock to qualified institutional buyers.
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Securities regulators told the mortgage giant Wednesday that they are considering civil charges for alleged manipulation of the company's reported earnings.
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Fannie Mae (FNM.N: Quote, Profile, Research) , the largest US home funding company, said on Monday it plans to sell $4.5 billion of three-month benchmark bills due Dec. 29, 2004
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Brookfield Asset Management made a cash offer worth 4.2 billion Australian dollars ($3.55 billion) for Multiplex, a troubled developer and contractor.
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WASHINGTON - A day after Fannie Mae agreed to regulators&#39; demands to boost its capital cushion against risk and revamp its accounting, officials said Tuesday that the possibility of the beleaguered mortgage giant having to restate its earnings had been
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As one payday lender prepares to go private, are its competitors potential investments?
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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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Fannie Mae said it would sell $5 billion of preferred stock to large institutional investors in a rush to meet its regulator's minimum capital requirements.
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NEW YORK Fannie Mae, the biggest provider of money for the US mortgage industry, said Wednesday that it was planning to sell as much as $4 billion worth of preferred stock after its regulator said the lender had broken accounting rules and was
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Legg Mason Inc. LM.N, one of the  fastest-growing U.S. asset management companies, on Wednesday  said it plans a public offering of 4 million shares, a sale  that could raise almost $300 million.
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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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Federal regulators, who are negotiating an agreement with the Fannie Mae board, have raised the possibility of removing the mortgage giant&#39;s management as the company acts to correct serious accounting problems detailed in a new report.
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The attorney general of Ohio said on Wednesday his office was considering bringing a shareholder lawsuit against mortgage buyer Fannie Mae over disclosures of subprime holdings.
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The staff of the Securities and Exchange Commission has ordered Fannie Mae, the nation&#39;s largest buyer of mortgages, to restate its earnings over the last four years
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The staff of the Securities and Exchange Commission has ordered Fannie Mae, the nation&#39;s largest buyer of mortgages, to restate its earnings over the last four years after
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Fannie Mae , the embattled U.S. home financing company, on Wednesday said it agreed to sell &#36;5 billion in preferred stock to institutional buyers as part of an effort to comply with regulatory demands to increase capital.
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Fannie Mae, the largest U.S. home  funding company, said on Wednesday it may privately sell up to  $4 billion of preferred stock this week, which could help it  meet higher capitalization standards it faces after regulators  found it broke accounting rules.