Fannie Mae 'should restate books'
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US mortgage company Fannie Mae should restate its earnings, a move that is likely to put a billion-dollar dent in its accounts, watchdogs say
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Fannie Mae's regulator has asked the  mortgage finance company to take immediate remedial action to  correct pervasive accounting problems, agency officials said on  Thursday.
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Fannie Mae, the federally chartered housing finance company, violated accounting requirements that are "clear" and "not overly complex," the chief accountant of the Securities and Exchange Commission told a House subcommittee yesterday.
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Business & money: Extension to Reading 'is in the balance' as consultant says scheme would be waste of time
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Whether mortgage finance giant  Fannie Mae FNM.N 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 on Tuesday.
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Thanks for the memories? Fannie Mae (nyse: FNM - news - people ) may be scrambling to restate billions in past profit, but it apparently has plenty of cash for golden parachutes.
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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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December 20, 2004 - Fannie Mae, which faces a possible $9 billion restatement, is also looking at yet another investigation and the possibility of a management shake-up at the top.
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The US Securities and Exchange Commission on Wednesday said Fannie Mae misapplied accounting principles and called on the mortgage finance company to restate earnings.
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A U.S. government review into the  nation's No. 1 mortgage finance company, Fannie Mae FNM.N,  charges it with inappropriate accounting practices and called  into doubt past financial results, the company's board said on  Wednesday.
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Home mortgage lender Fannie Mae on Wednesday said the Office of Federal Housing Enterprise Oversight uncovered accounting inaccuracies that raise doubts about the company&#39;s previous financial reports.
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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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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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Progress Software said yesterday that it would restate previous financial results because of errors in stock-based compensation.
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Fannie Mae, the biggest buyer of US mortgages, will correct its accounting and boost capital to a level 30 percent above the required minimum after its federal regulator found errors
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The Securities and Exchange Commission 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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The U.S. Securities and Exchange  Commission on Wednesday said Fannie Mae misapplied accounting  principles and called on the mortgage finance company to  restate earnings.