Report due on Fannie, $400 mln settlement expected
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Federal regulators on Tuesday are  expected to say Fannie Mae  will pay &#36;400 million for  using bad accounting to manage earnings and trigger bonuses,  according to sources briefed on the plan.
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The staff of the Securities and Exchange Commission has ordered Fannie Mae, the nation&#39;s largest buyer of mortgages, to restate its earnings over the last four years after
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Fannie Mae, the nation's largest mortgage buyer, agreed to major changes in its accounting and management practices.
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Fannie Mae (FNM:NYSE - news - research), the scandal-tainted mortgage finance firm, says it&#39;s looking at a $9 billion loss in its derivatives portfolio if regulators don&#39;t accept its accounting practices.
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There&#39;s a report that the Securities and Exchange Commission and Time Warner are close to a settlement over accounting questions at the media giant&#39;s America Online unit.
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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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The SEC ha ruled that Fannie Mae is guilty of violating the accounting standards and needs to restate its earnings for the past four years.
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December 20, 2004 - Fannie Mae, which faces a possible $9 billion restatement, is also looking at yet another investigation and the possibility of a management shake-up at the top.
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Beleaguered mortgage agency Fannie Mae agreed Monday with its regulator to create a 30 percent capital surplus within 270 days and review internal accounting controls.
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The Securities and Exchange Commission is months away from deciding whether Washington mortgage giant Fannie Mae will need to restate its earnings in the aftermath of a sharply critical report on its accounting practices, according to government and company officials.
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WASHINGTON, DC-Fannie Mae officials have revealed in a report filed to the Securities and Exchange Commission on December 27 that recently retired chairman and CEO Franklin D. Raines is owed an annual pension of $1.3 million for as long as he lives, as
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Whether mortgage finance giant Fannie Mae will have to restate its earnings as a result of accounting problems cited by regulators will be up to the Securities and Exchange Commission to consider, a company executive said Tuesday.
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A U.S. House Financial Services  subcommittee will hold a hearing on accounting problems at  mortgage funder Fannie Mae FNM.N next week, the committee  said on Wednesday.
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The nation&#39;s banks are heavy users of the complex financial contracts at the heart of Fannie Mae&#39;s accounting woes, but bank regulators and financial experts said banks likely will avoid Fannie&#39;s troubles.
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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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US mortgage finance company Fannie Mae on Friday said it would make public information about some securities it issues to comply with new Securities and Exchange Information rules.
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Description: Fannie Mae, the nation&#39;s largest source of financing for home mortgages, faces accusations of pervasive accounting problems.