Fannie Mae Irks Senator by Not Providing Fair Value Information
January 23, 2004
Fannie Mae is feeling some heat from a congressman after the government-sponsored enterprise virtually dismissed the lawmaker’s request to release quarterly fair-value statements for the past three years. Sen. Chuck Hagel, R-NE, asked Fannie officials to provide him with this information in a written follow-up to testimony offered in October by Fannie Mae Chairman and CEO Franklin Raines. Fannie has provided the fair value of