Fannie Mae&#39;s CFO likely to leave
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NEW YORK - The board of embattled mortgage finance enterprise Fannie Mae met on Sunday and has apparently decided that Chief Financial Officer Timothy Howard will step down, the Wall Street Journal reported on Monday.
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Washington (Sept. 27, 2004) - The regulator charged with overseeing mortgage concern Fannie Mae appears to be considering a shake-up of its top management to clean up the beleaguered firm.
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Fannie Mae (FNM.N: Quote, Profile, Research) , the mortgage financier whose chief executive and chief financial officer recently stepped down under fire, on Wednesday said it may privately sell up to $4 billion of preferred
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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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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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A CFO who helped Nortel Networks recover from an accounting scandal and years of poor results is leaving the company after about two years on the job.
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The CEO's resignation likely means more trouble ahead.
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First it was the CEO, and now the CFO has left, too. What should shareholders be thinking?
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WASHINGTON  - US mortgage finance giant Fannie Mae announced the retirement of its chief executive officer Franklin Raines and the resignation of its chief financial officer Timothy Howard, in the wake of accounting errors that will force a massive
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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 (Dec. 23, 2004) - Two top executives and auditor KPMG are out this week at Fannie Mae, following the Securities and Exchange Commission&#39;s decision that the mortgage giant violated accounting rules, leaving it faced with a massive restatement.
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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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Tim Howard, the Fannie Mae (FNM) chief financial officer at the center of a critical report on accounting problems at the mortgage investment company, has exercised
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WASHINGTON -- Federal regulators have raised the possibility of removing the management of mortgage giant Fannie Mae after finding accounting problems they described yesterday as more serious than those that brought the ouster of top executives at rival Freddie Mac .
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Fannie MaeÂs chief, Franklin Raines, once seen as a rising star and possible future Treasury secretary, may have to reassess his ambitions.
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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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Fannie Mae will announce tonight that chairman and chief executive Franklin D. Raines has resigned, according to two sources familiar with the decision. The action comes just days after U.S. securities regulators confirmed that the mortgage industry giant had made serious and costly errors of financial reporting, according to two sources familiar with the decision.