Freddie and Fannie taking on too much debt
CNNMoney.com - 02/07/08
By Les Christie, CNNMoney.com staff writer NEW YORK (CNNMoney.com)
-- The increased share of housing debt taken on by Freddie Mac and Fannie
Mae during the ...
Fannie Mae CEO Pay Cut 15 Pct to $12.2 Mln in 2007
Reuters - Jan 30, 2008
By Al Yoon NEW YORK (Reuters) - Fannie Mae's chief
executive took a 15 percent pay cut in 2007 as the No. 1 mortgage finance
company struggled with soaring ..
Tighter rein on Fannie, Freddie mulled
Forbes, NY - 4 hours ago
WASHINGTON (AP) - A Senate panel will examine Thursday the issue
of tightening federal oversight of the two biggest US buyers of home mortgages,
Fannie Mae ..
What if House Prices Fall by 30% Worldwide?
Lew Rockwell, CA - Feb 5,
His warning concerned the inability of the
government-sponsored enterprises Fannie Mae and Freddy Mac to sustain
the bubble they had jointly created. ...
Buffett's Subprime Bets
Motley Fool - Feb 4, 2008
And Fannie Mae (NYSE: FNM) has been halved, and it cut
its dividend to boot. What's a conservative investor to do when confronted
with these nightmares? ...
Fannie Mae declares 1Q dividend of 35c, down 30% from previous ...
CNNMoney.com - Jan 18, 2008
18, 2008 (Thomson Financial delivered by Newstex) -- Fannie
Mae (NYSE:FNM) on Friday declared a first-quarter dividend of 35 cents a
share, payable ...
Highlights of Rival Stimulus Bills
The Associated Press -
Increase the availability of mortgages by providing a one-year
increase in the cap on loans Fannie Mae and Freddie Mac may buy, from
$417000 up to $729750 ...
Fannie Faces Trouble From Mortgage Insurers
TheStreet.com - Jan 23,
Now questions are swirling about how a potential blow-up in
that sector will affect Fannie Mae (FNM - Cramer's Take - Stockpickr).
As the largest purchaser ...
A housing rescue that would go too far
Christian Science Monitor, MA -
Jan 31, 2008
Why help the well-off buy jumbo loans with help from Fannie
Mae and Freddie Mac? By Valentine's Day, Congress plans to shoot a mix of
stimuli into ...
Inflating the bubble?
Los Angeles Times, CA - Jan
Why should Freddie Mac and Fannie Mae guarantee home
loans bigger than $600000? Does this increase the likelihood that public money
will be used to bail out ...
Housing Slump to Continue: Fannie CEO
Houston Chronicle, United States -
Jan 8, 2008
Washington-based Fannie Mae, which lost $1.4 billion in
last year's volatile third quarter, expects to lose money this year on eight
to 10 of every 1000 ...
Too little, too late? Fannie Mae CEO calls for mortgage industry ...
FinancialWeek (subscription), NY -
Jan 9, 2008
By Frank Byrt Fannie Mae's top executive called for
reform and possibly additional regulation of the home mortgage industry to help
avoid a repeat of the ...
Fannie Mae boss sees trouble until 2010
MSNBC - Jan 8, 2008
WASHINGTON - The housing market will weaken through 2009, with a
turnaround unlikely until 2010, the chief executive of mortgage finance company
Fannie Mae ...
Global Impact of the US Debt Implosion
The Market Oracle, UK - Jan
Then the trouble moved up in the chain of the mortgage
complex, with Fannie Mae and Freddie Mac announcing surprising losses. In
2008, the problem struck
Fannie Mae | Business.com
Ex-Fannie Mae Chairman Johnson Steps Down ... CBS
News - Sep. 26, 2006
Fannie Mae could lose $29 bln in
housing bust: hedge firm ...
|latest news. Fannie Mae could be
hit hard by housing bust.
Report: Fannie Mae manipulated accounting - Corporate
|Senior executives at Fannie Mae
manipulated accounting to collect millions of dollars in ... Add
Corporate Scandals headlines to your news reader: .
Fannie Mae Executives Compensation
|Former top executives leave Fannie Mae
with full pockets while the mortgage giant scrambles to meet capital
Mortgages - News - Times Topics - The New York Times -
|Fannie Mae said that it believed that a
wide-ranging review had now uncovered all its accounting errors. August 10,
Fannie Mae management may
be ousted - Corporate Scandals - MSNBC.com
WASHINGTON - Federal regulators, who are ordering
Fannie Mae to take prompt action to remedy what they say are serious
accounting problems, also have raised the possibility of removing top
managers of the giant mortgage finance company.
investigation by the Office of Federal Housing Enterprise Oversight found
pervasive earnings manipulation designed to meet Wall Street’s expectations
and smooth volatility in profits from quarter to quarter. The findings
warrant “immediate remedial action,” the agency’s director said in a letter
to the Fannie Mae board members that was released Thursday.
The real scandal at
Fannie Mae. By Daniel Gross - Slate Magazine
|Fannie Mae, the federally chartered company that buys home
mortgages and sells them as securites, is receiving a highly public
fanny-kicking. After accounting issues arose last summer at Fannie's smaller
and younger sibling,
Freddie Mac, the Office
of Federal Housing Enterprise Oversight began to examine Fannie Mae's
accounting practices. The result of the probe, detailed in a 211-page
report issued last week, paints Fannie Mae as an Enron-in-the-making.
U.S. Regulators Find Accounting Failures At Housing Financier
Fannie Mae, the giant mortgage finance company, has used improper
accounting methods that raise serious questions about the quality of its
management and the validity of its financial reports, government regulators
Though it didn't quantify the effect of what it called pervasive
misapplication of accounting rules on the company's books, the report by the
Office of Federal Housing Enterprise Oversight cited one instance in 1998
where the company inappropriately deferred $200 million of estimated expenses,
which enabled management to receive full annual bonuses. Had Fannie recorded
the expenses in 1998, no bonus would have been paid, the report said.
Fool.com: What Does Fannie Mae Do? [Commentary] October 6, 2004
|Fannie Mae doesn't have direct contact
with consumers. ... is at the very beginning of uncovering a
scandal that goes who knows how deep, is facing what...
Many people are getting interested in Fannie Mae for its rising dividend
yield. Don't make this mistake -- that dividend is very much at risk. Want
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AHI: United States: Fannie Mae: the story so far
|Are you new to the Fannie Mae scandal?
Disoriented? Feeling trapped? ... Immediately after the scandal
broke, Fannie Mae sought to repair the damage and do ...
This website is in no way affiliated or endorsed by Fannie Mae or the
Fannie Mae Foundation. Fannie Mae is a registered service mark for the buying
and selling of mortgages for others. It belongs to:
FEDERAL NATIONAL MORTGAGE ASSOCIATION CORPORATION UNITED
STATES 3900 WISCONSIN AVENUE, NW WASHINGTON D.C. 200162892