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20 Dec 2006, 4:01 am
" Plus: What The New York Sun missed about the Fannie Mae scandals. [read post]
19 Dec 2006, 6:26 pm
Fannie Mae is also an employment agency for apparatchiks. [read post]
19 Dec 2006, 4:35 am
Fannie Mae's main regulator sued the company's former chairman and chief executive, Franklin D. [read post]
18 Dec 2006, 5:54 pm
[JURIST] The Office of Federal Housing Enterprise Oversight (OFHEO) [official website] filed a notice of charges [PDF text; press release, PDF] Monday against three former Fannie Mae [official website] executives over their role in fraudulently reporting future earnings so that top executives would receive maximum performance bonuses. [read post]
13 Dec 2006, 5:09 am
Fannie Mae states in its complaint that KPMG applied more than 30 flawed principles and [...] [read post]
12 Dec 2006, 4:59 pm
" In response, KPMG LLP said that it "will pursue our own claims against Fannie Mae in the U.S. [read post]
7 Dec 2006, 12:49 pm
Fannie Mae announced that it has to restate its financials, reducing earnings by a whopping $6.3 billion to correct for several years of cooking the books. [read post]
7 Dec 2006, 5:12 am
Fannie Mae, the largest buyer of American mortgages, said Wednesday that it would reduce its earnings by $6.3 billion to correct several years of accounting problems in one of the nation's biggest financial scandals. [read post]
15 Nov 2006, 5:11 am
Raines, the former chief executive of Fannie Mae who was ousted two years ago in an accounting scandal, will receive $2.6 million under a deal disclosed Tuesday that largely resolves a pay dispute. [read post]
7 Sep 2006, 12:48 pm
Prior to MCI/WorldCom, Kelly did GC stints at Sears Roebuck and Fannie Mae. [read post]
5 Sep 2006, 6:50 pm
OFHEO, as it is known, is in charge of overseeing Fannie Mae and Freddie Mac. [read post]
31 Aug 2006, 1:45 pm
Over at Financial Services, the ascension of Barney Frank (1980) would mean a reprieve for Fannie Mae and Freddie Mac, despite $16 billion in accounting scandals. [read post]
29 Aug 2006, 2:20 am
I have no inside (or even outside) information on whether or not Franklin Raines or Timothy Howard will ever face criminal charges for their part in the Fannie Mae accounting scandal. [read post]
28 Aug 2006, 12:32 am
" Thomas Lund, Fannie Mae's senior vice president in charge of its single-family mortgage business, admitted as much, but said, in effect, "We may be hard cases, but at least we're consistent. [read post]
24 May 2006, 2:56 pm
[JURIST] Regulators at the US Securities and Exchange Commission (SEC) and the Office of Federal Housing Enterprise Oversight (OFHEO) [official websites] have announced a $400 million settlement [press release] with the Federal National Mortgage Association, or Fannie Mae [official website]. [read post]
3 Jan 2006, 8:35 am
We've heard from at least one large mortgage wholesaler that such a notation likely will prevent you from qualifying for a "conforming" mortgage - one that may be sold to the secondary-market giants Fannie Mae and Freddie Mac. [read post]
1 Dec 2005, 12:47 pm
The federal government and its sponsored mortgage investment companies, Fannie Mae and Freddie Mac, which guarantee or own most U.S. mortgages, have taken measures to give borrowers more time. [read post]
4 Apr 2005, 6:41 am
[JURIST] Leading Monday's corporations and securities law news, Fannie Mae [official website] regulator the Office of Federal Housing Enterprise Oversight (OFHEO) [official website], has announced it is investigating Fannie's use of trusts which it set up to sell securities. [read post]