Fannie Mae Execs, Regulator Square Off
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Fannie Mae executives and their regulator squared off on Wednesday, with executives denying any accounting irregularity and the regulator saying the housing finance company's management may need to go.
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Fannie Mae&#39;s chief executive and another top official are to appear before Congress to explain an accounting lapse at the mortgage giant amid regulators&#39; allegations of earnings manipulation and management misdeeds.
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The board of embattled mortgage  finance enterprise Fannie Mae met on Sunday to discuss whether  to make changes to top management, a source close to the  situation said.
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The board of Fannie Mae, the largest source of money for the US mortgage market, met Sunday without making an announcement on the status of Chief Executive Officer Franklin Raines and Chief Financial Officer J. Timothy Howard.
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Fannie Mae's board of directors met Monday to hear details about accounting problems its regulators have uncovered during a long-running review, according to a source familiar with the matter.
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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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Will he stay or will he go? Franklin Raines still has his job as chief executive of Fannie Mae (nyse: FNM - news - people ), but an executive shakeup was on the agenda when the mortgage giant&#39;s board met Sunday.
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Two top executives ousted from Fannie Mae last week appear headed for a fight with the company over the size of their multimillion-dollar benefits and the circumstances of their departure.
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Source: Mortgage financer may be forced to keep up to $31B on hand while it fixes accounting woes. WASHINGTON  - Embattled mortgage finance giant Fannie Mae was close to a deal with regulators late
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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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Description: Fannie Mae&#39;s Franklin Raines retires as CEO, and Timothy Howard resigns as CFO of the mortgage giant. This comes a few weeks after the Securities and Exchange Commission told Fannie Mae to restate
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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.
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The federal regulator of mortgage giant Fannie Mae has extracted a laundry list of reforms from the troubled mortgage lender. Fannie&#39;s outside directors submitted to the regulatory
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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.
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The legal battle regulators began Monday to extract hundreds of millions of dollars from executives who presided over Fannie Mae's accounting debacle is not your garden variety lawsuit.
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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&#39;s board of directors may have found it hard to get rid of the company&#39;s top two executives, but a difficult job remains in navigating the transition to the next senior management team.