Fight looms over Fannie Mae chief&#39;s package
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Fannie Mae yesterday released details of the severance package for Franklin Raines and said the former chairman and chief executive would continue to receive a salary until mid
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WASHINGTON, DC - Investors in Fannie Mae and Freddie Mac are feeling some pain in the wake of Fannie&#39;s recent accounting problems.
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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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The ouster of Franklin D. Raines as chairman and chief executive of Fannie Mae, the mortgage finance giant, might provide an opening for long-time critics to impose
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The nation&#39;s banks are heavy users of the complex financial contracts at the heart of Fannie Mae&#39;s accounting woes, but bank regulators and financial experts said banks likely will avoid Fannie&#39;s troubles.
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Troubled lender said to be undercapitalized; to issue mix of convertible and non-convertible shares. NEW YORK  - Fannie Mae, the largest US home financier whose top two executives left under fire
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A senior House Democrat said yesterday that he will not support a budget increase for the federal regulator of Fannie Mae until questions raised in a confidential report have been addressed.
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The forced departure this week of Franklin Raines as chief executive of Fannie Mae wonât end the turmoil at the nationâs second largest financial institution.
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WASHINGTON - It&#39;s up to the board of Fannie Mae to decide whether top managers should be removed in the wake of the mortgage giant&#39;s accounting crisis, HUD Secretary Alphonso Jackson said Wednesday.
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The chief executive of mortgage  finance company Fannie Mae FNM.N, under fire for alleged  accounting irregularities, will appear before a congressional  panel next week, a company spokesman said on Wednesday.
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SAN FRANCISCO (CBS.MW) -- Fannie Mae&#39;s directors are scheduled to meet Sunday to discuss the future of Chief Executive Franklin Raines and Chief Financial Officer J. Timothy Howard, according to published reports.
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Under pressure from regulators, Fannie Mae&#39;s (FNM:NYSE - news - research) board ousted its top two executives in the midst of a deepening accounting scandal.
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Fannie Mae&#39;s regulator told Congress on Wednesday his office was considering management changes at the mortgage finance company after finding pervasive accounting irregularities.
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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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The forced departure of Franklin D. Raines as chief executive of Fannie Mae hardly ends the turmoil at the nation's second-largest financial institution. Civil, criminal, and congressional investigations are underway as the mortgage giant begins what could be a long process of cleaning up the books and reestablishing credibility.
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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 forced departure of Franklin D. Raines as chief executive of Fannie Mae hardly ends the turmoil at the nation&#39;s second largest financial institution.