Congress gets power to subpoena Fannie Mae
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The chairman of a US Congressional panel responsible for Fannie Mae gained authority to subpoena executives at the biggest US mortgage finance company for information related to allegations of accounting errors.
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The attorney general of Ohio said on Wednesday his office was considering bringing a shareholder lawsuit against mortgage buyer Fannie Mae over disclosures of subprime holdings.
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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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US regulators are set to investigate possible violations of the Sarbanes-Oxley legislation on accounting and corporate governance by Fannie Mae&#39;s former senior management.
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Federal prosecutors in Washington, DC, have opened an investigation into possible wrongdoing at mortgage giant Fannie Mae, just days after regulators accused the company
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The Senate yesterday approved a sweeping measure that would expand the government's clandestine surveillance powers, delivering a key victory to the White House by approving immunity from lawsuits for telecommunications companies that cooperated with intelligence agencies in domestic spying after...
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Managers of mortgage finance giant Fannie Mae will defend themselves before Congress on Wednesday against government findings that they broke accounting rules to deliver
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The Senate passed legislation on Friday that would make more Federal Housing Administration loans available to subprime borrowers facing foreclosure.
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The Senate subpoenaed the White House and Vice President Dick Cheney's office Wednesday, demanding documents and elevating the confrontation with President Bush over the administration's warrant-free eavesdropping on Americans.
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The top Republican on the U.S. House  Financial Services Committee on Thursday introduced legislation  that would create a national registry and set new standards for  mortgage originators in response to the subprime mortgage  crisis.
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The Justice Department is  investigating possible accounting fraud at Fannie Mae, the  mortgage finance company, a source close to the matter said on  Thursday.
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Regulators investigating Fannie Mae's accounting practices have sent subpoenas to the No. 1 U.S. mortgage finance company in connection with the probe, a source familiar with the matter said on Friday.
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A Senate chairman heading an investigation into the Bush administration's warrantless domestic spying program subpoenaed documents on Wednesday from the White House, Vice President Dick Cheney's office, the National Security Council and Justice Department.
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A U.S. House Financial Services subcommittee will hold a hearing on accounting problems at mortgage funder Fannie Mae  next week, the committee said on Wednesday.
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The shadow of an FBI investigation spread across the subprime mortgage crisis on Tuesday, while the U.S. Congress moved closer to emergency relief for millions of distressed homeowners.
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Two senior Democratic lawmakers said  on Tuesday they were considering legislation to restrict risky  mortgage lending practices and protect borrowers after news  that foreclosures in the U.S. subprime mortgage sector were  rising.
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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.