Fannie Maeâs Dec dividend unchanged by regulator
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Fannie Mae, US mortgage government agency received approval for a December preferred stock dividend from its regulator, the Office of Federal Housing Enterprise Oversight (Ofheo), although the Ofheo said it could not grant approval for dividends in the
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Fannie Mae&#39;s privileges as a government-chartered company are likely to survive congressional scrutiny following the ouster of the housing lender&#39;s chief executive because of accounting mistakes.
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Fannie Mae FNM.N, the embattled U.S.  home financing company, on Wednesday said it agreed to sell $5  billion in preferred stock to institutional buyers as part of  an effort to comply with regulatory demands to increase  capital.
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A rebound of core producer prices in June despite a temporary reduction of energy costs according to a Labor Department report on Tuesday reinforced investors expectations for the Federal Reserve to hold interest rates unchanged to guard against inflation.
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WASHINGTON, Nov. 12 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE:FNM) has elected not to issue Benchmark Notes in November. The company currently intends to issue Benchmark securities in accordance with its
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Embattled mortgage finance company Fannie Mae  agreed to keep billions of dollars more cash on hand while it corrects accounting problems, its government regulator said on Monday.
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Fannie Mae (FNM.N: Quote, Profile, Research) , the embattled US home funding company, on Wednesday said it agreed to sell $5 billion worth of non-cumulative preferred stock in two placements to certain institutional buyers in
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LSB Industries on Monday said its board of directors will not declare a cash dividend on  outstanding shares of publicly held $3.25 convertible exchangeable Class C preferred stock, Series 2.  The preferred stock is traded over-the-counter under the symbol LSBD.
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Embattled mortgage finance company Fannie Mae agreed to keep billions of dollars more in cash on hand while it corrects accounting problems, its government regulator said today.
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Shareholders may not sue on behalf of mortgage giant Fannie Mae to force changes to its governing policies and recover money lost during a $6 billion accounting scandal, a federal judge ruled Thursday.
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Applications for U.S. home mortgages were unchanged for the week ended Dec. 17 from the prior week as an increase in refinancing offset a decrease in purchases, an industry trade group said.
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Fannie Mae, US largest mortgage provider, has announced Thursday that its regulator approved a December preferred stock dividend that could assist shore up the mortgage leader&#39;s capital levels.
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Fannie Mae, the biggest provider of money for the US mortgage industry, sold $5 billion of preferred stock Wednesday after its regulator said it broke accounting rules and is &#39;&#39;significantly undercapitalized.
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The board of Fannie Mae, the largest source of money for the US mortgage market, met Sunday without making an announcement on the status of Chief Executive Officer Franklin Raines and Chief Financial Officer J. Timothy Howard.
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Franklin Raines, Fannie Mae'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. 1 U.S. mortgage finance company said on Monday in a  regulatory filing.
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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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Fannie Mae agreed to keep more cash on hand while it corrects accounting problems, a U.S. regulator said.