Fannie Mae investors seek compensation
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Fannie Mae investors should be entitled to about $10 billion in compensation for losses stemming from accounting manipulation at the mortgage finance company, Ohio Attorney General Marc Dann said yesterday .
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Source: Mortgage financer may be forced to keep up to $31B on hand while it fixes accounting woes. WASHINGTON  - Embattled mortgage finance giant Fannie Mae was close to a deal with regulators late
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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
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The legal battle regulators began Monday to extract hundreds of millions of dollars from executives who presided over Fannie Mae's accounting debacle is not your garden variety lawsuit.
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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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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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Fannie Mae (nyse: FNM - news - people ) disclosed Tuesday that prosecutors had asked the company to preserve documents as part of a criminal probe by the US Department of Justice.
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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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Accounting scandals, first at Freddie Mac and now alleged at Fannie Mae, call into question the future of those government-sponsored but investor-owned companies that buy home mortgages from lenders.
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In their first response to regulators&#39; allegations that the company manipulated its books, executives of mortgage funding giant Fannie Mae plan to defend its accounting and say the actions
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Fannie Mae FNM.N, the largest U.S.  home funding company, on Tuesday said U.S. prosecutors have  opened a criminal investigation into its accounting, and that  it faces eight investor lawsuits alleging federal securities  law violations.
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US mortgage company Fannie Mae should restate its earnings, a move that is likely to put a billion-dollar dent in its accounts, watchdogs say
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Fannie Mae's plan to become an anchor for redevelopment in Southwest D.C. was the latest casualty of an accounting scandal that has already cost investors billions and toppled two top executives.
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Federal regulators, who are negotiating an agreement with the Fannie Mae board, have raised the possibility of removing the mortgage giant&#39;s management as the company acts to correct serious accounting problems detailed in a new report.
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Fannie Mae , under fire from regulators, is facing a groundswell of lawsuits from class-action specialists for billions of dollars in stock losses stemming from the company's faulty accounting.
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Fannie Mae, the nation's largest source for home mortgage financing, said Wednesday that is is considering two placements of up to $4 billion in preferred stock to qualified institutional buyers.
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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.