Fannie Mae Shares Fall on Accounting Woes
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Shares of U.S. mortgage finance  giant Fannie Mae FNM.N tumbled on Thursday after the  Securities and Exchange Commission said the company must  restate earnings because of accounting problems.
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Stocks fell on Thursday, after disappointing quarterly results from companies such as Comcast Corp  and as investors worried financial services companies would report more big losses from the credit crisis.
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Regulators have discovered serious accounting problems at mortgage giant Fannie Mae , prompting an inquiry by the Securities and Exchange Commission and calling into question its financial soundness, the company disclosed yesterday. Its shares fell nearly 7 percent.
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U.S. stocks fell on Friday as banks and brokers retreated on concerns about the impact of tightening credit on takeovers and the subprime mortgage industry.
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SAN FRANCISCO (CBS.MW) -- Fannie Mae stock fell 3.1 percent in after-hours trading Tuesday after the mortgage giant disclosed that the Securities and Exchange Commission&#39;s investigation into the company&#39;s accounting had escalated into a formal probe.
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Fannie Mae's stock has dropped about 16 percent in two weeks. And even before the abrupt slide, it's been three years since the stock made any big gains for its investors.
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Stocks fell on Wednesday after oil  prices jumped more than a dollar to over $48 a barrel and a  U.S. government review questioned home finance company Fannie  Mae's FNM.N accounting methods.
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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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Stocks were knocked lower on Wednesday  after a U.S. government review questioned home finance company  Fannie Mae's FNM.N accounting methods, while  investment bank  Morgan Stanley MWD.N reported a drop in quarterly profit.
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WASHINGTON - Regulators have found serious accounting problems at mortgage giant Fannie Mae, prompting an inquiry by the Securities and Exchange Commission and calling into question its financial soundness. The company's shares dropped nearly 7 percent Wednesday...
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Stocks fell on Thursday as signs of   housing-market weakness and worries about the outlook for   interest rates made investors uneasy about prospects for   consumer spending and corporate profits.
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Risks from an accounting scandal at  U.S. mortgage finance Fannie Mae were greatly understated, and  deliberate smoothing of earnings overstated income by &#36;10.6  billion, its regulator said on Tuesday in a report on the  mortgage finance giant&#039;s accounting scandal.
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Fannie Mae, the giant mortgage finance company, agreed yesterday to abandon accounting methods that its regulator criticized last week as being used to manipulate financial results.
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Stocks slid on Tuesday as the subprime  mortgage crisis escalated, undermining banking shares, while  Home Depot Inc.  and other housing-related companies  lowered their outlooks.
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Stocks slipped on Monday as concern about the impact of the housing slump and credit squeeze hurt shares of financial companies.
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U.S. stocks fell on Thursday as warnings of losses stemming from bad home loans by two of the top three U.S. subprime mortgage lenders hurt shares of home loan companies and banks like Citigroup Inc.
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Stocks declined on Monday, led lower by financial shares, as a rush by savers to withdraw deposits at a large British mortgage lender fueled worries the credit market turmoil would spread.