Fannie Mae Salaries Rile Hill
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During a packed hearing on Fannie Mae&#39;s accounting practices last week, Rep. Richard H. Baker (R-La.), a leading critic of the District-based mortgage finance company, displayed a poster
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When the world&#39;s largest buyer of home mortgages - Fannie Mae - cooks the books on reporting its earnings, it runs the risk of sending shockwaves into financial markets.
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Fannie Mae Chief Executive Franklin Raines&#39; struggle for his job and reputation after regulators found extensive accounting problems at his company is an unexpected
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Corporate spin can be a powerful thing. Just ask Fannie Mae&#39;s investors. They spent the last year hearing the mortgage giant&#39;s chief executive Franklin D. Raines continually
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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.
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Fannie Maeâs regulator, the Office of Federal Housing Enterprise Oversight, has launched a probe into the bonuses and compensations received by the two top executives fired earlier this week.
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Mortgage rates inched up last week, but they remained well below the year-high levels set during the spring. Freddie Mac, in its weekly survey released Thursday, reported that rates on 30-year
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U.S. worker salaries are growing much  more slowly than inflation, raising concerns about consumers'  ability to repay loans and credit cards bills at a time when  borrowing is near all-time highs.
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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.
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Mortgage giant Fannie Mae, under investigation by regulators and ordered to revamp its accounting, may have to restate its past earnings, a federal agency said Thursday.
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WASHINGTON (CBS.MW) -- Fannie Mae is turning its focus to shoring up its capital levels Wednesday after two of its top executives left the company under pressure following an accounting scandal.
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Fannie Mae, the nation&#39;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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Franklin Raines, the head of Fannie Mae, the giant mortgage loan holder, took issue with every major damaging conclusion of the company&#39;s regulator yesterday in an embattled appearance before a House subcommittee.
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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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The chairman of Fannie Mae, the government-backed mortgage lender, on Wednesday described accusations of accounting misdeeds at his company as without merit.
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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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Squelching speculation about how much its deposed top executives will walk away with, Fannie Mae on Monday spelled out the severance it plans to pay the two it forced out following an accounting scandal.