Filing details Fannie Mae pension
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Franklin Raines, who was forced out as Fannie Mae&#39;s chief executive after five years, is slated to receive a monthly pension of more than $114,000 for life, according to documents the mortgage lending giant filed Monday with the
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Fannie Mae, the nation&#39;s largest mortgage buyer and a financial juggernaut that affects tens of millions of home buyers, agreed Monday to major changes in its accounting and management
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NEW YORK, November 16  - Fannie Mae (FNM.NYS) has missed the regulatory deadline for filing its 3Q04 results with the SEC, while warning of an estimated net loss of $9 billion for the quarter.
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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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Description: Two top executives at Fannie Mae are forced out of their jobs following questions over accounting irregularities. Fannie Mae CEO Franklin Raines and Chief Financial Officer Timothy Howard stepped
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How do you report these payments on your tax return?
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WASHINGTON/NEW YORK  - Fannie Mae, the top U.S. mortgage-finance company that is trying to move on from one of the nation's largest accounting scandals, will deliver a long-overdue report on its 2005 earnings by next September, the company's chief executive said on Thursday.
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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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Franklin Raines, Fannie Mae&#39;s former chief executive, who retired last week after regulators exposed accounting errors expected to force a massive earnings restatement, stands to get an annual pension of $1.37 million, the No.
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The Fair Game column on Feb. 3, about problems at mortgage lenders, misstated the circumstances surrounding a bankruptcy filing related to the home mortgage lending unit of NovaStar Financial. An involuntary petition to force the unit into bankruptcy was filed with the court on Jan. 24 by a creditor who won a $49 million judgment against the unit; the unit did not file for bankruptcy. (On Feb. 7, the judge overseeing the case ruled against the petition.).
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Carefully consider between funds in your retirement plan.
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Q. I am unsure my retirement plans are on track. I am a 37-year-old divorced man, with no children. I am just shy of 20 years working with the state and I plan on remaining until retirement. Given my length of service, I anticipate receiving 80 percent of my salary, currently $54,500, as a pension. I will qualify for this ...
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The nation&#39;s largest public pension fund has agreed to disclose more than $200 million in annual money management fees to settle a lawsuit by a media coalition.
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Four major pension funds, including the California Public Employees&#39; Retirement System, said Tuesday that they will push for shareholders to be able to nominate up
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Franklin Raines, who was forced out as Fannie Mae's chief executive after five years, is slated to receive a monthly pension of more than &#36;114,000 for life, according to documents the mortgage lending giant filed Monday with the Securities and Exchange Commission.
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The nation&#39;s largest pension fund disclosed for the first time yesterday how much it paid the venture capitalists, hedge fund managers and others who handle its riskiest specialized
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NEW YORK, December 16  - According to a report in the Washington Post today, the Securities and Exchange Commission (SEC) has advised Fannie Mae (FNM.