Under a Cloud of Accounting Issues, Fannie Mae And Freddie Mac Declared Adequately Capitalized
October 1, 2004
The Office of Federal Housing Enterprise Oversight released anxiously awaited numbers this week showing that Fannie Mae was adequately capitalized during the second quarter of this year. But this positive result is tentative, because the regulator is in the process of challenging the accounting methods the government-sponsored enterprise used to generate its data. …