Fannie Mae undergoes ex-employee testimony
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Fannie Mae, the US largest government-ruled mortgage lender, sees the continuation of the investigation on possible accounting violations and possible next weekâs testimony of its former employee at a Congressional hearing.
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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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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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WASHINGTON, Aug 20  - Regulators investigating Fannie Mae&#39;s accounting practices have sent subpoenas to the No. 1 US mortgage finance company in connection with the probe, a source familiar with the matter said on Friday.
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Fannie Mae's top regulator yesterday said it is "more than likely" the federal government will sue former chief executive Franklin D. Raines and other former company officers, seeking to recover bonuses and salary and perhaps impose fines for the mortgage finance company's accounting debacle.
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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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The former Fannie Mae accountant who raised questions about the mortgage giant&#39;s accounting said Wednesday that he had taken his concerns directly to chief executive Franklin Raines and asked him to investigate.
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Embattled U.S. mortgage finance  giant Fannie Mae on Tuesday said it had discussed the  possibility of an earnings restatement with regulators,  reversing a top executive's comment.
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Former Fannie Mae chairman and chief executive Franklin D. Raines, accused of manipulating the housing finance company's earnings, is challenging regulators to make their case against him beginning Feb. 16 instead of waiting until the end of the year.
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Fannie Mae yesterday sued its former auditor, KPMG, alleging malpractice by the big accounting firm when it approved years of financial statements that were riddled with errors.
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Fannie Mae, the largest US mortgage finance company, will be the subject of an Oct. 6 hearing by the House Financial Services Committee over its accounting and management, said Representative Richard Baker, a Louisiana Republican.
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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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Wednesday&#39;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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Managers of mortgage finance giant Fannie Mae will defend themselves before Congress on Wednesday against government findings that say they broke accounting
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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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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
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The chief executive and chief  financial officer 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.