Fannie Mae&#39;s fall from grace
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A shocking expose hit the Street last week about one of the best-loved, most all-American companies out there: Fannie Mae, the mortgage and financial services giant.
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Bonds of Fannie Mae, the biggest US mortgage buyer, may fall after the Wall Street Journal said the Justice Department opened a criminal investigation into possible accounting fraud at the company.
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For accountant Roger Barnes, the final straw came when he was deliberately excluded last fall from Fannie Mae&#39;s preparation for a special review by federal regulators.
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Few people know much about mortgage giant Fannie Mae aside from its TV ads, which paint the company as the $1 trillion version of George Bailey&#39;s savings and loan in It&#39;s a Wonderful Life.
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Wednesday's disclosure that government regulators have raised safety and soundness questions about mortgage finance giant Fannie Mae has given new ammunition to critics of the company and its sister firm, Freddie Mac.
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The accounting irregularities at home loan giant Fannie Mae could end up raising mortgage rates, but the impact, if any, will be difficult to measure given the enormous size and dynamic nature of the market.
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Fannie Mae's plan to become an anchor for redevelopment in Southwest D.C. was the latest casualty of an accounting scandal that has already cost investors billions and toppled two top executives.
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Fannie Mae has been ordered to restate its earnings for the past four years after an investigation by the Securities and Exchange Commission into the mortgage finance company&#39;s accounting practices.
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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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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
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Federal investigations of Fannie Mae&#39;s (FNM.N: Quote, Profile, Research) accounting could keep the top US home funding company&#39;s stock hemorrhaging, but most debt investors scent opportunity.
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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 meltdown of the subprime mortgage market is producing a whoâs who of winners and losers among hedge funds.
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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
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AFTER hemming and hawing and bobbing and weaving, the board of directors of Fannie Mae finally jettisoned Franklin D. Raines, the mortgage finance giant&#39;s former chief executive, and Timothy Howard, its former chief financial officer, last week.
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The chief executive and chief finance officer of America&#39;s second-largest financial institution, mortgage provider Fannie Mae, have stepped down following a row over accounting irregularities.
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A long running regulatory examination of Fannie Mae has found accounting and other problems at the giant government-chartered mortgage company that raise doubts about &quot;the quality of