Fannie executives denounce regulator
Article Abstract:
Fannie Mae chairman and CEO Franklin D. Raines asserted that the mortgage company's accounting methods were within accepted standards. He criticized the Office of Federal Housing Enterprise Oversight for confronting the board before giving Fannie management a chance to explain.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Fannie paid little for its audits
Article Abstract:
Fannie Mae's current problems may be due, in part, to the cheap audits it was receiving from KPMG LLP. Accounting specialists say it would be impossible for a company of Fannie Mae's size to receive a quality audit for less than $3 million.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
U.S. probes allegations at mortgage financier
Article Abstract:
The Freddie Mac mortgage firm is being investigated by US federal prosecutors for alleged irregularities. The firm is being investigated for accounting and other issues.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Great expectations; votes hope June poll will end political chaos. Long arm of the law: fundamentalist leader to face trial
- Abstracts: Two German banks shed risk to build capital for acquisitions. HVB holders accept elevation of Schmidt as board chairman
- Abstracts: Dual-use device tests export rule, illustrates regulatory loophole. Commerzbank seeks to limit damage from investigation
- Abstracts: Oprah's GM giveaway was stroke of luck for agency, audience. Daimler unit cancels plant plan
- Abstracts: All the highs, none of the pain. Bloody cycle