Fannie Mae Says Regulator OKs Dividend
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U.S. mortgage finance giant Fannie  Mae FNM.N, which on Tuesday removed two top executives over  major accounting problems, said on Thursday its regulator has  approved a December preferred stock dividend.
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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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Communications regulators said on  Thursday they had approved the buyout of radio operator Clear  Channel Communications Inc by two private equity firms.
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WASHINGTON - Fannie Mae has agreed to forfeit some $7.5 million in an accord with the Justice Department, which had accused the mortgage giant of accepting money it knew had been lost by a federal agency in a fraud scheme.
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Score one for the lion tamer. The federal regulator that oversees home-mortgage giant Fannie Mae finally persuaded that government-sponsored enterprise to agree to clean up its questionable accounting practices.
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Embattled mortgage finance company  Fannie Mae FNM.N agreed to keep billions of dollars more cash  on hand while it corrects accounting problems, its government  regulator said on Monday.
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Whether mortgage finance giant Fannie Mae will have to restate its earnings as a result of accounting problems cited by regulators will be up to the Securities and Exchange Commission to consider, a company executive said Tuesday.
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Salt Lake-based Nevada Chemicals Inc. said Thursday that its board of directors has approved a quarterly dividend of 8 cents per share of common stock.  The dividend is payable Oct. 6 to stockholders of record Sept. 22.
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Beleaguered mortgage agency Fannie Mae agreed Monday with its regulator to create a 30 percent capital surplus within 270 days and review internal accounting controls.
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The S.E.C. has ordered Fannie Mae to restate its earnings for the last four years after concluding that it had violated accounting rules.
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Fannie Mae , the largest U.S.  home funding company, said on Wednesday its mortgage portfolio  jumped in April, as expected, but contraction looms now that  the company&#039;s regulator has capped its holdings.
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A government regulator on Wednesday said Fannie Mae could slightly increase the amount of mortgages it can buy for its investment portfolio.
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Under pressure from federal regulators, mortgage giant Fannie Mae has agreed to boost its reserve cushion against risk by several billion dollars and take other sweeping actions to correct what were cited as serious accounting problems, including recalculating key transactions and tightening internal controls.
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A federal regulator yesterday adjusted restraints on Fannie Mae and Freddie Mac, saying the changes will allow the government-sponsored mortgage-funding companies to buy more subprime loans and help borrowers avoid foreclosure.
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US home buyers may see a slight rise in mortgage rates if housing finance company Fannie Mae , which is mired in an accounting scandal, slows purchases of bonds backed by home loans in response to new rules imposed by regulators.
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Fannie Mae yesterday agreed to pay the government $7.5 million to settle a case in which the Justice Department alleged that the giant housing-finance company knowingly accepted proceeds of a mortgage scam.
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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.