Fannie Mae Whistle-Blower Won&#39;t Testify
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A former Fannie Mae (FNM.N: Quote, Profile, Research) employee who gave US officials information about what he saw as accounting irregularities will not testify as
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A federal report accusing Fannie Mae, the giant mortgage company, of improper accounting has led to an informal investigation by the Securities and Exchange Commission, the company&#39;s board announced Wednesday.
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US regulators are set to investigate possible violations of the Sarbanes-Oxley legislation on accounting and corporate governance by Fannie Mae&#39;s former senior management.
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Shareholders may not sue on behalf of mortgage giant Fannie Mae to force changes to its governing policies and recover money lost during a $6 billion accounting scandal, a federal judge ruled Thursday.
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A federal judge yesterday quashed former Fannie Mae chairman Franklin D. Raines's effort to subpoena records from the White House for use in his defense against an investor lawsuit accusing him and the company of securities fraud.
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Former Fannie Mae chairman and chief executive Franklin D. Raines, accused of manipulating the housing finance company's earnings, is challenging regulators to make their case against him beginning Feb. 16 instead of waiting until the end of the year.
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Description: Fannie Mae, the nation&#39;s largest source of financing for home mortgages, faces accusations of pervasive accounting problems.
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The chief executive and top financial officer at mortgage giant Fannie Mae were forced out of the company Tuesday as America&#39;s second-largest financial institution struggled with revelations of serious financial reporting problems.
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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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The company&#39;s chief financial officer said he won&#39;t return until he learns whether the government is planning charges against him.
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The man who blew the whistle to U.S.  regulators about Fannie Mae's accounting practices will appear  before a congressional panel next week, a Capitol Hill aide  said on Tuesday, as the company revealed it had discussed a  possible earnings restatement with regulators.
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The vaunted political and financial  skills of Fannie Mae Chief Executive Franklin Raines may not be  enough to save him professionally after a scathing regulatory  report last week detailed pervasive accounting lapses at the  mortgage finance company.
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Fannie Mae, the US largest government-ruled mortgage lender, sees the continuation of the investigation on possible accounting violations and possible next weekâs testimony of its former employee at a Congressional hearing.
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Fannie Mae&#39;s chief executive on Wednesday defended accounting practices at the embattled mortgage company and disputed allegations that earnings were manipulated.
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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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Fannie Mae (FNM) CEO Franklin Raines defended his stewardship of the housing finance giant Wednesday, as a former employee said Raines ignored warnings of accounting problems.
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WASHINGTON (CBS.MW) -- Franklin Raines, the powerful and politically connected chairman and CEO of Fannie Mae, faces long odds in surviving the worst controversy he&#39;s been confronted with in his years as a Washington power broker.